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China"s foreign trade from January to October
Compared with 2014, China"s foreign trade was facing a more complex and grimmer situation, downward pres-sure increased significantly. According to Customs figures, China"s total import and export in from January to October reached $3.22696 trillion, down 8.5% year on year (the same below). Export was $1.85645 trillion, down 2.5%, import $1.37052 trillion, down 15.7%. The totalimport and export in October reached $323.19 billion, down 12.1%. Among which, export was $192.41 bil-lion, down 6.4%, and import $130.77 billion, down 18.8%. The main charac-teristics of foreign trade from January to October are as follows:
1. The exports of general trade kept growing, its proportion increased as well. From January to October, ex-ports of general trade reached $999.8 billion, up l.8%, accounting for 53.9% of overall export, 2.3 percentage points higher than last year over the same pe-riod. Exports of processing trade was $649.3 billion, down 9.0%, accounting for 35% of national total, 2.5 percentage points lower than last year over the same period.
2. The exports ofelectromechan-ical products maintained a steady growth, the exports oflabor-intensive products declined. From January to October, exports of electromechanical products reached $1.06557 trillion, an increase of 0.8%, accounted for 57.4% of whole exports, up l.9 percentage point over last year. Among them, the exports of mobile phones, ships, lamps increased by 13.1%, 16.9% and 13.9% respective-ly. The exports of seven categories of labor-intensive products was $389.59 billion, down 3.0 percent points, among which, the exports of textiles, clothing and footwear fell l.9%, 7.5% and 5.1% respectively.
3. Exports of private enterprises kept growing. From January to October, exports of private enterprises reached $831.5 billion, an increase of l.3% over the same period, accounted for 44.8% of the whole exports, increased l.7 percent-age point over last year.
4. Foreign trade with the "belt and road" countries increased more rapidly. From January to October, ex-ports with the "belt and road" countries such as India, Thailand, Vietnam rose 8.4%, 14.3% and 5.5% respectively. Exports with the United States, ASE-AN grew 5.2% and 3.7%. Exports with traditional export markets like EU, Japan, Hong Kong down 4.1%, 9.5%, and 12.2%. Exports with Russia and Brazil (emerging markets) fell 35.7% and 17.2% respectively.
5. Exports in Eastern China, Middle China and Western China saw a negative growth. From January to October, the exports of ten provinces /cities from Eastern China (Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong) reached $1.54993 trillion, down l.9%. Exports of Midwest was $306.52 billion, down 5.2%.
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