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China’s IC imports decreases in number in the first ten months of this year but increases in value
Chinese article by 爱集微
English Editor WM Zhang
11-07 18:29

By Li Panpan

China’s IC imports numbered 458.02 billion, a decrease of 13.2%, and valued at RMB2.31 trillion($319.67 billion), an increase of 3%, in the first ten months of 2022, showed data from China’s General Administration of Customs(GAC), JW Insights reported.

China’s total import and export value was RMB34.62 trillion ($4.79 trillion), an increase of 9.5% over the same period last year. Exports and imports are valued at RMB19.71 trillion ($2.73 trillion) and RMB14.91 trillion ($2.06 trillion), respectively, said data from the first ten months from GAC.

In the first ten months, China's mechanical and electrical exports were valued at RMB11.25 trillion ($1.56 trillion), an increase of 9.6%, accounting for 57.1% of the total export value. Among them, exports of automatic data processing equipment and its parts, mobile phones, and automobiles brought in RMB1.32 trillion($182.67 billion), RMB779.04 billion($107.81 billion), and RMB309.17 billion ($42.78 billion), respectively.

Meanwhile, China’s imports of mechanical and electrical products were valued at RMB5.78 trillion ($799.87 billion), down 3.5%. Among them, imported automobiles (including chassis) numbered 746,000, a decrease of 6.6%, and valued at RMB297.97 billion ($41.14 billion), an increase of 3.5%.

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