By Kate Yuan

China imported RMB1.81 trillion ($259.91 billion) of integrated circuits in the first eight months of 2022, up 3.1% over the last year, according to the statistics released by the General Administration of Customs of China (GACC) on September 7.

The total import of mechanical and electrical products was RMB4.56 trillion ($654.8 billion), down 3.9% over the previous year. The import of automobiles (including chassis) was RMB240.56 billion ($34.54 billion), up 0.7% year on year.

The export of mechanical and electrical products reached RMB8.75 trillion ($1.26 trillion) in the first eight months, a year-on-year increase of 9.8%, accounting for 56.5% of the total exports. 

Among them, the export of automatic data processing equipment and parts and components, mobile phones, and automobiles were RMB1.05 trillion ($150.78 billion), RMB555.39 billion ($79.75 billion), and RMB216.8 billion ($31.13 billion), up 3.5%, 4.2%, and 57.6% over the previous year, respectively. 

GACC said that China’s total value of the imports and exports in the first eight months was $4.19 trillion, up 9.5% year on year. 

Among them, the export was $2.38 trillion, increasing by 13.5% over the previous year, and the import was $1.81 trillion up 4.6%. The trade surplus reached $560.52 billion, widening by 56.7%.