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according to data released by the general administration of customs on september 10, in the first eight months of this year, the total value of my country's import and export of goods was 28.58 trillion yuan, a year-on-year increase of 6%. among them, exports were 16.45 trillion yuan, an increase of 6.9%; imports were 12.13 trillion yuan, an increase of 4.7%.

in terms of us dollars, in the first eight months, my country's total import and export value was 4.02 trillion us dollars, an increase of 3.7%. among them, exports were 2.31 trillion us dollars, an increase of 4.6%; imports were 1.71 trillion us dollars, an increase of 2.5%.

in august alone, my country's total import and export value was 3.75 trillion yuan, a year-on-year increase of 4.8%. among them, exports were 2.2 trillion yuan, a year-on-year increase of 8.4%; imports were 1.55 trillion yuan, the same as the same period last year.

imports and exports to developed economies in europe and the united states grew faster

in the first seven months of this year, the year-on-year growth rate of my country's total import and export trade with developed economies such as the eu and the united states has turned positive; in the first eight months of this year, the growth rate of imports and exports to the eu and the united states has further accelerated, increasing by 0.7 percentage points and 0.3 percentage points respectively compared with the data of the previous seven months.

according to the data from the general administration of customs, from january to august this year, the eu was my country's second largest trading partner, with a total trade value of 3.72 trillion yuan, an increase of 1.1%, accounting for 13%. among them, exports to the eu were 2.44 trillion yuan, an increase of 2.9%; imports from the eu were 1.28 trillion yuan, a decrease of 2.1%.

the united states is my country's third largest trading partner, with total trade value with the united states reaching 3.15 trillion yuan, up 4.4%, accounting for 11%. among them, exports to the united states reached 2.38 trillion yuan, up 5%, and imports from the united states reached 778.93 billion yuan, up 2.3%.

the chief economist team of minsheng bank recently pointed out in a research report that the current external demand is still resilient. the united states continues to support global trade with inventory replenishment. the latest data shows that in june, us inventories increased by 2.1% year-on-year and sales increased by 2.2% year-on-year, both reaching the highest point of the year. the global semiconductor cycle remains upward, and south korea's exports in august increased by 11.4% year-on-year, which is good for my country's electronic product exports.

at the same time, asean continues to be my country's largest trading partner. data shows that from january to august, the total trade value between my country and asean was 4.5 trillion yuan, an increase of 10%, accounting for 15.7% of the total foreign trade value. among them, exports to asean were 2.69 trillion yuan, an increase of 13.1%; imports from asean were 1.81 trillion yuan, an increase of 5.7%.

during the same period, my country's total imports and exports with countries participating in the belt and road initiative amounted to 13.48 trillion yuan, up 7%. among them, exports amounted to 7.54 trillion yuan, up 7.7%; imports amounted to 5.94 trillion yuan, up 6.1%.

imports and exports of private enterprises maintained high growth

from the perspective of import and export operators, in the first eight months, private enterprises' imports and exports totaled 15.74 trillion yuan, an increase of 10.5%, accounting for 55.1% of the total foreign trade value, an increase of 2.3 percentage points over the same period last year.

during the same period, the import and export of foreign-invested enterprises also increased, with the total value of imports and exports reaching 8.4 trillion yuan, an increase of 1.5%, accounting for 29.4% of the total foreign trade value. among them, exports were 4.53 trillion yuan, an increase of 1.8%; imports were 3.87 trillion yuan, an increase of 1.1%.

in terms of products, the proportion of mechanical and electrical products in exports has increased slightly compared with the previous seven months, and the growth rate is also accelerating. specifically, in the first eight months of this year, my country exported 9.72 trillion yuan of mechanical and electrical products, an increase of 8.8%, accounting for 59.1% of the total export value. among them, automatic data processing equipment and its parts were 942.38 billion yuan, an increase of 11.6%; integrated circuits were 736.04 billion yuan, an increase of 24.8%; automobiles were 540.84 billion yuan, an increase of 22.2%; mobile phones were 514.37 billion yuan, an increase of 0.5%.