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The General Administration of Customs announced that the import and export of integrated circuits continued to increase month on month in August and September
2023-10-16

Recently, spokesperson for the General Administration of Customs, Lv Daliang, stated that the industrial advantages have been consolidated, and advantageous export industries such as ships, construction machinery, and home appliances have further improved their market share, international competitiveness, and brand influence. At the same time, the import and export of the consumer electronics industry showed a trend of recovery, with integrated circuit imports and exports rebounding continuously month on month in August and September, while the year-on-year decline in mobile phone and computer exports in September significantly narrowed.


Customs statistics show that in the first three quarters, China's foreign trade exports achieved a growth of 0.6%, especially in the past two months. Exports have shown more positive changes, and the scale of exports has continued to expand in August and September, with a month on month increase of 1.2% and 5.5%, respectively, showing a clear trend of stabilization and recovery. Specifically:


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Firstly, the export quantity has shifted from decreasing to increasing, and the rebound momentum has been further consolidated. Price and quantity are two apparent factors that affect value. Some monthly export values have decreased this year, mainly due to the drag of falling export prices. In terms of volume, the export volume in August has shifted from a year-on-year decrease in the previous period to an increase of 5.9%, and further increased to 7.9% in September.


The second is the stabilization of traditional advantageous products and the continuous development of green energy. In the past two months, the export of traditional advantageous products in China's consumer electronics industry chain has stabilized and improved. The export of integrated circuits turned from negative to positive in August, and the year-on-year growth rate in September increased to 2.8%; The exports of mobile phones and computers increased by 124.9% and 8.3% month on month in September, respectively, with year-on-year decreases narrowing by 14.3 and 13.4 percentage points compared to August. At the same time, the export value of lithium batteries, electric passenger cars, and solar cells' new three samples' products has maintained double-digit growth for 14 consecutive quarters.


Thirdly, from a market perspective, the main traditional markets have significantly improved, while the growth of emerging markets has accelerated. In September, the year-on-year decline in China's exports to Japan, the European Union, South Korea, and the United States narrowed by 14.1, 8.7, 8.1, and 0.5 percentage points compared to August, respectively. The year-on-year growth rate of exports to emerging markets such as the Middle East, Africa, and Central Asia further accelerated.


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