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China’s export trade value rose 2.0% year-on-year in 2020

In December 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 169.85 points,up 5.41% from the previous month and up 13.34% year-on-year; the export trade index was 195.46 points,up 5.17% from the previous month,an increase of 18.63% year-on-year;the import trade index was 143.78 points,up 5.75% month-on-month and up 6.76% year-on-year.

From January to December, China total import and export trade value was US$4,658.4 billion,a year-on-year increase of 2.0%.The total export trade value was US$2,598.1 billion,a year-on-year increase of 4.0%;the total import trade value was US$2,060.3 billion,a year-on-year decrease of 0.4%.

China’s trade with continents
From January to December, the import and export trade value between China and Asia was US$2,396.5 billion, up 1.3% year-on-year, accounting for 51.4% of China’s total import and export value. The export trade value was 1,236.5 billion U.S. dollars, up 1.2% year-on-year; the import trade value was 1,160.1 billion U.S. dollars, up 1.4% year-on-year.

From January to December, the import and export trade value between China and Europe was US$909.5 billion, up 4.0% year-on-year, accounting for 19.5% of China’s total import and export value. The export trade value was 537.4 billion U.S. dollars, up 7.9% year-on-year; the import trade value was 372.2 billion U.S. dollars, down 1.0% year-on-year.

From January to December, the import and export trade value between China and Africa was US$187.3 billion, down 10.1% year-on-year, accounting for 4.0% of China’s total import and export value. The export trade value was 114.4 billion U.S. dollars, up 1.0% year-on-year; the import trade value was 72.9 billion U.S. dollars, down 23.3% year-on-year.

From January to December, the import and export trade value between China and North America was US$651.4 billion, a year-on-year increase of 7.6%, accounting for 14.0% of China’s total import and export value. The export trade value was 494.2 billion U.S. dollars, up 8.7% year-on-year; the import trade value was 157.2 billion U.S. dollars, up 4.3% year-on-year.

From January to December, the import and export trade value between China and Latin America was US$316.8 billion, a year-on-year increase of 0.1%, accounting for 6.8% of China’s total import and export value. The export trade value was 150.8 billion U.S. dollars, down 0.7% year-on-year; the import trade value was 166.0 billion U.S. dollars, up 0.7% year-on-year.

From January to December, the import and export trade value between China and Oceania was US$195.4 billion, up 0.3% year-on-year, accounting for 4.2% of China’s total import and export value. The export trade value was 64.8 billion U.S. dollars, up 11.6% year-on-year; the import trade value was 130.7 billion U.S. dollars, down 4.5% year-on-year.
Source: Ningbo Shipping Exchange

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