Home Port News China’s import and export growth slowed down year-on-year in July

China’s import and export growth slowed down year-on-year in July

China’s import and export growth slowed down year-on-year in July

In July 2021, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 177.91 points,down 0.50% from the previous month and up 23.20% year-on-year; the export trade index was 195.97 points,up 0.44% from the previous month,an increase of 18.95% year-on-year;the import trade index was 159.52 points,down 1.66% month-on-month and up 28.96% 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 July , the import and export trade value between China and Asia was US$1,669.1 billion, up 31.9% year-on-year, accounting for 50.7% of China’s total import and export value. The export trade value was 856.1 billion U.S. dollars, up 32.8% year-on-year; the import trade value was 813.0 billion U.S. dollars, up 31.0% year-on-year.

From January to July , the import and export trade value between China and Europe was US$642.1 billion, up 34.2% year-on-year, accounting for 19.5% of China’s total import and export value. The export trade value was 372.7 billion U.S. dollars, up 32.7% year-on-year; the import trade value was 269.5 billion U.S. dollars, up 36.5% year-on-year.

From January to July , the import and export trade value between China and Africa was US$138.5 billion, up 39.9% year-on-year, accounting for 4.2% of China’s total import and export value. The export trade value was 80.0 billion U.S. dollars, up 36.4% year-on-year; the import trade value was 58.5 billion U.S. dollars, up 45.0% year-on-year.

From January to July , the import and export trade value between China and North America was US$449.6 billion, a year-on-year increase of 39.7%, accounting for 13.7% of China’s total import and export value. The export trade value was 329.9 billion U.S. dollars, up 36.4% year-on-year; the import trade value was 119.7 billion U.S. dollars, up 49.5% year-on-year.

From January to July , the import and export trade value between China and Latin America was US$243.1 billion, a year-on-year increase of 45.5%, accounting for 7.4% of China’s total import and export value. The export trade value was 120.6 billion U.S. dollars, up 58.6% year-on-year; the import trade value was 122.5 billion U.S. dollars, up 34.5% year-on-year.

From January to July , the import and export trade value between China and Oceania was US$146.5 billion, up 33.1% year-on-year, accounting for 4.5% of China’s total import and export value. The export trade value was 42.6 billion U.S. dollars, up 26.8% year-on-year; the import trade value was 103.9 billion U.S. dollars, up 35.9% year-on-year.

Source: Ningbo Shipping Exchange

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