In February, exports of machinery and equipment increased by 11.9% year-on-year to US$45.53 billion.

The General Administration of Customs released on the 10th the first two months of this year, China's foreign trade import and export situation. According to customs statistics, from January to February of this year, China’s import and export value totaled US$495.83 billion, an increase of 28.3% over the same period of last year. Among them, exports were 247.47 billion U.S. dollars, up 21.3%; imports were 248.36 billion U.S. dollars, up 36%; cumulative trade deficits were 890 million U.S. dollars.

Customs statistics show that in February this year, the total value of China's imports and exports was US$ 200.78 billion, an increase of 10.6%. Of which exports 96.74 billion US dollars, an increase of 2.4%; import 104.04 billion US dollars, an increase of 19.4%. Due to the impact of the Spring Festival holiday, the pace of export growth in February slowed markedly, with a trade deficit of $7.3 billion in the month.

According to customs statistics, from January to February, China’s general trade imports and exports totaled 261.95 billion U.S. dollars, an increase of 31.8%. Among them, exports accounted for 116.55 billion U.S. dollars, an increase of 21.7 percent; imports accounted for 145.4 billion U.S. dollars, an increase of 41.2 percent, which was 5.2 percentage points higher than the national import growth over the same period. The trade deficit under general trade was 28.85 billion U.S. dollars, an increase of 3 times. During the same period, China's import and export of processing trade totaled 178.89 billion U.S. dollars, an increase of 22.6%. Of which 113.18 billion US dollars exports, an increase of 21.8%; imports 65.71 billion US dollars, an increase of 24.1%. The trade surplus under processing trade was 47.47 billion U.S. dollars, an increase of 18.8%.

In bilateral trade with major trading partners, Sino-EU bilateral trade between January and February totaled 76.2 billion U.S. dollars, an increase of 16.3%. During the same period, the total value of bilateral trade between China and the US was 60.5 billion U.S. dollars, an increase of 22.6%. In addition, from January to February, Japan regained its position as my third largest trading partner. The total value of bilateral trade was 48.85 billion U.S. dollars, an increase of 28.8%. Among them, China exported 19.76 billion U.S. dollars to Japan, an increase of 22.6%; it imported 29.09 billion U.S. dollars from Japan, an increase of 33.5%; and Japan’s trade deficit was 9.33 billion U.S. dollars, an increase of 64.5%. The Association of Southeast Asian Nations (ASEAN) ranks as the fourth largest trading partner. From January to February, the total value of bilateral trade was 47.44 billion U.S. dollars, an increase of 21.2%. Among them, I exported 21.54 billion U.S. dollars to ASEAN, an increase of 15.4%; I imported 25.9 billion U.S. dollars from ASEAN, an increase of 26.6%; and the U.S. trade deficit was 4.36 billion U.S. dollars, an increase of 1.4 times.

From the domestic point of view, from January to February, Guangdong's foreign trade import and export value was US$125.42 billion, an increase of 35.5%. In the same period, the import and export value of Jiangsu Province, Shanghai Municipality, and Beijing Municipality were 73.81 billion, 59.62 billion, and 57.85 billion U.S. dollars, respectively, an increase of 19.7%, 22.3%, and 37.1%, respectively. In addition, the import and export value of Zhejiang Province, Shandong Province, and Fujian Province were 4.32 billion, 32.82 billion and 18.27 billion US dollars, respectively, an increase of 19.9%, 32.1% and 23%. From the perspective of exports, from January to February, Guangdong Province exported US$72.93 billion, an increase of 36.9%. Jiangsu Province and Zhejiang Province respectively exported 41.24 billion and 28.8 billion U.S. dollars, respectively, an increase of 15.3% and 14.5%. In addition, Shanghai, Shandong, and Fujian Province exported 27.37 billion, 16.87 billion, and 11.63 billion U.S. dollars, respectively, which were up 11.3%, 25.6%, and 17.3%, respectively; Beijing was 7.61 billion U.S. dollars, down 5.4%.

Among export commodities, exports of electromechanical products grew at a slower pace, and traditional bulk commodity exports grew steadily. Customs statistics show that from January to February, China's export of mechanical and electrical products was US$14.38 billion, an increase of 20.9%, which was 0.4 percentage points lower than China’s overall export growth rate during the same period and accounted for 58.1% of China’s total exports during the same period. Among them, electrical appliances and electronic products exported 60.5 billion U.S. dollars, an increase of 31.4%, and machinery and equipment were 45.53 billion U.S. dollars, an increase of 11.9%. During the same period, the export of traditional bulk commodities grew steadily, with apparel exports at 19.79 billion U.S. dollars, up 9.5%; textile exports at 12.27 billion U.S. dollars, up 20.8%; footwear exports at 6.07 billion U.S. dollars, up 14.3%; furniture exports at 5.35 billion U.S. dollars, up 13.2%. Luggage export was US$ 2.88 billion, an increase of 30.1%; plastics exports were US$ 2.84 billion, up 14.4%; toy exports were US$ 1.22 billion, up 12.1%.

Among imported goods, the volume of major bulk commodities has continued to increase, and the average price of imports has generally risen. From January to February, China imported 120 million tons of iron ore, an increase of 22.6%, the average import price was US$154.3 per ton, up 62.6%, and the soybean was 7.45 million tons, up 6.1%, and the average import price was US$566.7 per ton. 22.7%. In addition, the import of mechanical and electrical products was 105.06 billion US dollars, an increase of 28.2%, of which 138,000 were automobiles, an increase of 47.5%.