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FSTB China's export exceeded expectations in July

  • Categories:NEWS
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  • Time of issue:2020-08-15 16:13
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(Summary description)According to the General Administration of Customs on 7th August, China's foreign trade import and export totaled 2.93 trillion yuan in July, 6.5% more than last year.

FSTB China's export exceeded expectations in July

(Summary description)According to the General Administration of Customs on 7th August, China's foreign trade import and export totaled 2.93 trillion yuan in July, 6.5% more than last year.

  • Categories:NEWS
  • Author:
  • Origin:
  • Time of issue:2020-08-15 16:13
  • Views:
Information

       According to the General Administration of Customs on 7th August, China's foreign trade import and export totaled 2.93 trillion yuan in July, 6.5% more than last year. Among them, export was 1.69 trillion yuan, an increase of 10.4%; import was 1.24 trillion yuan, an increase of 1.6%. The trade surplus was 442.23 billion yuan, an increase of 45.9%.

       This is after the growth rate of import and export in June was both positive, the growth rate continued to expand, and the export reached double-digit rates of growth which is beyond expectations. It shows preliminarily that China's foreign trade import and export tend to be stable and better in the second half of the year.

        In total, the total value of foreign trade import and export from January to July 2020 decreased by 1.7% compared with the same period last year, of which the export value was 9.4 trillion yuan, a year-on-year decrease of 0.9%.

        The trade structure continued to be optimized. In the first seven months, China's general trade import and export only decreased by 0.5%, accounting for 60.3% of the total foreign trade value, an increase of 0.7% over the same period last year.

       In the first seven months, the export of mechanical and electrical products reached 5.5 trillion yuan, an increase of 0.2%, accounting for 58.5% of the total export value.

      In the same period of last year, the total value of foreign trade of private enterprises increased by 3.7%, accounting for 45.7% of the total value of foreign trade in the first three months.

        Among the top four regional trade partners, the total trade value with ASEAN, EU and Japan all achieved positive growth in the first seven months, accounting for 14.6%, 14% and 7.1% respectively, The trade value between China and the United States, in third place,with a decrease of 3.3%.

  FSTB is one of the most biggest thermostat manufacturer in China,Since the resumption of production in February, the monthly orders of Tongbao Hualong have gradually increased, and in July our company have produced 7 million pcs of thermostat to meet customer demand.And we plan to product 8 million pcs in Aug, if you need more details, please contact 86757-87575715.

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