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

In August 2021, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 185.45 points,up 4.24% from the previous month and up 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% month-on-month and up 33.83% year-on-year.

From January to June, China total import and export trade value was US$2,781.6 billion,a year-on-year increase of 37.1%.The total export trade value was US$1,519.3 billion,a year-on-year increase of 38.3%;the total import trade value was US$1,262.3 billion,a year-on-year increase of 35.6%.

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

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

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

From January to August , the import and export trade value between China and North America was US$522.1 billion, a year-on-year increase of 36.2%, accounting for 13.7% of China’s total import and export value. The export trade value was 386.1 billion U.S. dollars, up 32.8% year-on-year; the import trade value was 136.0 billion U.S. dollars, up 46.9% year-on-year.

From January to August , the import and export trade value between China and Latin America was US$287.3 billion, a year-on-year increase of 46.6%, accounting for 7.5% of China’s total import and export value. The export trade value was 142.4 billion U.S. dollars, up 59.4% year-on-year; the import trade value was 144.9 billion U.S. dollars, up 36.0% year-on-year.

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