From January to August, the total import and export volume of the country was 1,875.6 billion US dollars [1], a year-on-year increase of 40%; of which, exports were 989.7 billion US dollars, up 35.5%; imports were 885.8 billion US dollars, up 45.5%; trade surplus was 103.9 billion US dollars, down 14.6. %.
The export growth rate slowed down in the month. In August, the total volume of imports and exports was US$258.6 billion, up 34.7% year-on-year; of which, exports were US$139.3 billion, up 34.4% year-on-year (3.7 percentage points slower than last month), down 4.3% from the previous month; imports were US$119.3 billion, up 35.2% year-on-year. (12.5 percentage points faster than last month), an increase of 2.1% from the previous month; and a trade surplus of 20 billion US dollars. Compared with the same period in 2008, the total import and export volume in August increased by 7%, of which imports and exports increased by 12.5% ​​and 2.9% respectively.
Import and export of steel has fallen back. In August, exports of steel products reached 2.8 million tons (reduced by 1.75 million tons from the previous month), an increase of 34.6%; imported steel 1.35 million tons, down 15.6% year-on-year, 50,000 tons less than last month; steel and billet imports and exports equivalent to crude steel Net exports were about 1.48 million tons (compared to a net export of 172,000 tons in the same period last year), a decrease of 1.82 million tons from the previous month.
Imports of crude oil have increased and iron ore imports have decreased. In August, crude oil imports were 20.9 million tons, up 13.2% year-on-year, an increase of 1.9 million tons from the previous month; iron ore imports were 44.61 million tons, down 10.2% year-on-year and 6.59 million tons from the previous month.
Copper imports continue to increase. In August, the import of unwrought copper and copper was 380,000 tons, up 16.8% year-on-year, and increased by 37,000 tons from the previous month. The unwrought aluminum and aluminum materials were 73,000 tons, down 61.7% (higher base in the same period last year). The monthly increase was 0.6 million tons; the alumina imports were 250,000 tons, down 26.5% year-on-year, and 20,000 tons less than last month.
The export volume of textile products decreased slightly. In August, exports of textiles, clothing and footwear increased by 29.4%, 27.8% and 40.3%, respectively, and luggage increased by 62.4%. Plastic products, lamps, toys and furniture increased by 37.9%-39.7% year-on-year. The export value of toys has increased compared with the previous month, and the export volume of other products has decreased compared with the previous month.
The export of mechanical and electrical products continued to improve. In August, the export value of mechanical and electrical products and high-tech products increased by 34.4% and 32.2% respectively year-on-year; the export value of mobile phones, color TVs and computers increased by 30.2%, 49.9% and 27.2% respectively.
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