China’s import and export trade value increased year-over-year in August

In August 2021, the Maritime Silk Road (STI) trade index released by the Ningbo Shipping Exchange showed that the import and export trade index was 185.45 points, up 4.24 % compared to the previous month and 28.84% year-on-year; the export trade index was 204.05 points, up 4.12% from the previous month, an increase of 25.10% year on year; the import trade index was 166.52 points, up 4.38% year-on-month and 33.83% year-on-year.

From January to June, the total value of China’s import and export trade was $ 2,781.6 billion, an increase of 37.1 percent year-on-year. the total value of import trade was US $ 1,262.3 billion, an increase of 35.6% year-on-year.

China’s trade with the continents
From January to August, the value of import and export trade between China and Asia was $ 1,929.9 billion, up 31.3 percent year-on-year, accounting for 50.5 % of the total value of China’s imports and exports. The value of export trade was US $ 988.2 billion, up 31.7% year-on-year; the value of import trade was US $ 941.8 billion, up 30.9% year-on-year.

From January to August, the value of import and export trade between China and Europe was $ 744.0 billion, up 32.4% year-on-year, accounting for 19.5% of the total value of China’s imports and exports. The value of export trade was US $ 435.6 billion, up 31.1% year-on-year; the value of import trade was US $ 308.4 billion, up 34.2% year-on-year.

From January to August, the value of import and export trade between China and Africa was $ 162.0 billion, up 39.2 percent year-on-year, accounting for 4.2 percent of the total value of China’s imports and exports. The value of export trade was US $ 94.1 billion, up 36.0% year-on-year; the value of import trade was US $ 67.9 billion, up 43.9% year-on-year.

From January to August, the value of import and export trade between China and North America was $ 522.1 billion, an increase of 36.2 percent year-on-year, representing 13 , 7% of the total value of China’s imports and exports. The value of export trade was US $ 386.1 billion, up 32.8% year-on-year; the value of import trade was US $ 136.0 billion, up 46.9% year-on-year.

From January to August, the value of import and export trade between China and Latin America was $ 287.3 billion, an increase of 46.6% year-on-year, accounting for 7. 5% of the total value of China’s imports and exports. The value of export trade was US $ 142.4 billion, up 59.4% year-on-year; the value of import trade was US $ 144.9 billion, up 36.0% year-on-year.

From January to August, the value of import and export trade between China and Oceania was $ 173.7 billion, up 38.4% year-on-year, accounting for 4.5% of the total value of China’s imports and exports. The value of export trade was US $ 49.8 billion, up 27.3% year-on-year; the value of import trade was US $ 123.9 billion, up 43.4% year-on-year.
Source: Ningbo Shipping Exchange

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