Trade Surplus Hits $649.3B!
Here is the English translation of the provided text: In August this year, all the foreign trade import and export data of our country have been released, showing an overall good performance.
Exports continue to grow, especially exports to the United States and ASEAN have seen a significant increase, and exports of mid-to-high-end products have surged.
According to data released by the General Administration of Customs, from January to August this year, our country's total foreign trade exceeded 28 trillion yuan, with a growth of 6%.
Among them, exports exceeded 16 trillion yuan, with an increase close to 7%, imports exceeded 12 trillion yuan, with an increase of 4.7%, and the trade surplus was 4.3 trillion yuan, expanding by more than 13%.
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In terms of US dollars, from January to August this year, our country's exports were 2.3 trillion US dollars, with a year-on-year increase of 4.6%.
Exports still achieved growth, and the trade surplus exceeded 600 billion US dollars.
Let's focus on the data for August this year.
In terms of RMB, exports in August increased by 8.4% year-on-year, and in terms of US dollars, exports in August increased by 8.7% year-on-year, both achieving an increase of more than 8%, indicating a very hot export market for the month.
It is worth noting that after nine months, the United States once again became China's largest export country.
In August this year, our country's exports to the United States increased by 5% year-on-year, exports to ASEAN increased by more than 13%, and exports to the EU increased by 2.9%, with exports to most countries maintaining growth.
As the top three export markets for our country, in August this year, our country's exports to the United States, the EU, and ASEAN reached 336.9 billion yuan, 334.2 billion yuan, and 332.4 billion yuan, respectively, with the United States once again becoming our country's largest export market.
Looking at the data alone, why was the export market so hot in August?
On the one hand, European and American importers were worried about the additional tariffs on some products, so they imported a large number of goods in advance; on the other hand, Europe and America are about to enter the peak consumption season, and European and American importers are preparing goods in advance.
Looking at the types and growth rates of our country's exports in August, we can understand why exports are hot!
In August this year, the three categories of goods with the highest export value in our country were: automatic data processing equipment and components (126.5 billion yuan), clothing and accessories (112.1 billion yuan), and integrated circuits (95.1 billion yuan).
Clothing exports still accounted for a large proportion, but the growth rate was relatively low.
In addition, automobile exports were also very rapid.
In August, automobile exports were 77.9 billion yuan.
If automobile parts exports are also included, the entire automobile industry's exports will reach 135.5 billion yuan, becoming the industry with the highest export value.
It is clear that the types of products exported by our country have gradually transformed from clothing, shoes, and toys to automatic data processing equipment, integrated circuits, automobiles, ships, and other mid-to-high-end industries.
Looking at the growth rate of export products, in August this year, our country's ship exports surged by 81%, integrated circuit exports increased by 24%, and automobile exports increased by 22%.
This has undoubtedly become the "new three" of our country's exports.
First, let's look at ships.
In August this year, China took 90% of the global shipbuilding orders, with South Korea ranking second with only 2%, and Japan almost invisible.
It is important to know that from January to August this year, Chinese shipyards took 70% of the global orders, while South Korea took 14% of the orders, ranking second.
However, in August, Japan was directly invisible, and South Korea's share was only 2%, which made people sigh at how fast the development of Chinese shipyards is!
This year, China's shipbuilding industry has been advancing rapidly, with many shipyards receiving a large number of orders, full production tasks, and some shipbuilding companies' orders have been scheduled until 2028.
Next, let's look at integrated circuits, also known as chips.
In August, chip exports increased by 24%.
From January to August this year, our country's integrated circuit exports reached 736 billion yuan, and the annual export value is expected to reach a trillion-scale level.
The surge in chip exports has greatly promoted the development of the domestic semiconductor industry.
Finally, let's look at automobile exports.
There is no doubt that the automotive industry has now become a typical example of the transformation and upgrading of our country's industries.
BYD's sales volume in July has already ranked third in the world, only behind Toyota and Volkswagen.
Chinese new energy vehicles not only have a growth momentum in the domestic market that crushes all major joint ventures, but they are also going global.
China's automobile exports in the first half of the year once again surpassed Japan, ranking first in the world.
The automotive industry involves many industries upstream and downstream, has a large output value, and drives a high number of employment opportunities.
The rise of the automotive industry is of vital importance to our country's exports and economic development.
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