According to data released by the General Administration of Customs on October 14, in the first three quarters of this year, the total import and export value of China's trade in goods was 32.33 trillion yuan, a year-on-year increase of 5.3%. Among them, exports were 18.62 trillion yuan, a year-on-year increase of 6.2%; imports were 13.71 trillion yuan, a year-on-year increase of 4.1%.

In the first three quarters, the total import and export value of China's trade in goods hit a new high, exceeding 32 trillion yuan for the first time in the same period in history, and the import and export in each quarter was 10.15 trillion yuan, 11 trillion yuan, and 11.17 trillion yuan respectively, all exceeding 10 trillion yuan, which was also the first time in the same period in history.

All kinds of business entities remained active, and the import and export of private enterprises achieved rapid growth. In the first three quarters, the import and export of China's private enterprises reached 17.78 trillion yuan, up 9.4 percent year-on-year, accounting for 55 percent of China's total foreign trade value, an increase of 2.1 percentage points, and the import and export of foreign-invested enterprises reached 9.53 trillion yuan, up 1.1 percent year-on-year, achieving growth for two consecutive quarters.

Market diversification has been steadily promoted, and China's trade with more than 160 countries and regions has grown. imports and exports to countries jointly building the "Belt and Road" were 15.21 trillion yuan, a year-on-year increase of 6.3%, accounting for 47.1%; Imports and exports to other member countries of the Regional Comprehensive Economic Partnership were 9.63 trillion yuan, up 4.5 percent year-on-year, of which imports and exports to ASEAN were 5.09 trillion yuan, up 9.4 percent year-on-year.

The structure of export products has been optimized, and the export of high-end equipment has increased by more than 40%. In the first three quarters, China's exports of mechanical and electrical products were 11.03 trillion yuan, an increase of 8% year-on-year, accounting for 59.3% of the total export value. Among them, the export of high-end equipment increased by 43.4% year-on-year, and the export of integrated circuits, automobiles and household appliances increased by 22%, 22.5% and 15.5% respectively year-on-year.

(Source: People's Daily)