On May 9th, the General Administration of Customs released data showing that in the first four months of 2024, China's total import and export value of goods trade (hereinafter referred to as the same) was RMB 13.81 trillion, a year-on-year increase of 5.7%. Among them, exports reached 7.81 trillion yuan, an increase of 4.9%; Imports reached 6 trillion yuan, an increase of 6.8%; The trade surplus was 1.81 trillion yuan, narrowing by 0.7%. In US dollars, the total import and export value of China in the first four months was 1.94 trillion US dollars, an increase of 2.2%. Among them, exports reached 1.1 trillion US dollars, an increase of 1.5%; Imports reached 843.91 billion US dollars, an increase of 3.2%; The trade surplus was $255.66 billion, narrowing by 3.9%.

One of the main characteristics of China's imports and exports in the first four months of 2024 is that mechanical and electrical products account for nearly 60% of exports, with an increase in exports of automatic data processing equipment and its components, integrated circuits, and automobiles.

According to a customs release, in the first four months, China's exports of mechanical and electrical products reached 4.62 trillion yuan, an increase of 6.9%, accounting for 59.2% of the total export value. Among them, automatic data processing equipment and its components amounted to 434.92 billion yuan, an increase of 9.7%; Integrated circuits amounted to 355.24 billion yuan, an increase of 23.5%; Mobile phones amounted to 266.76 billion yuan, a decrease of 5.5%; Automobiles amounted to 254.85 billion yuan, an increase of 24.9%.

In addition, the import of mechanical and electrical products during the same period was 2.12 trillion yuan, an increase of 11.6%. Among them, there were 168.1 billion integrated circuits, an increase of 14.8%, with a value of 832.5 billion yuan, an increase of 15.9%; 208000 cars, a decrease of 7.6%, valued at 83.28 billion yuan, a decrease of 17.1%.

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