In September 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 154.75 points, up 7.51% from the previous month and up 11.58% year-on-year; the export trade index was 166.23 points, up1.91% from the previous month , an increase of 9.92% year-on-year; the import trade index was 143.07 points, up 14.99% month-on-month and up 13.61% year-on-year.

From January to September, China total import and export trade value was US$3,296.0 billion, a year-on-year decrease of 1.6%. Among them: the total export trade value was US$1810.9 billion, a year-on-year decrease of 0.8%; the total import trade value was US$1485.1 billion, a year-on-year decrease of 2.6%.

China’s trade with continents
From January to September, the import and export trade value between China and Asia was US$1,698.5 billion, down 1.3% year-on-year, accounting for 51.5% of China’s total import and export value. The export trade value was 862.6 billion U.S. dollars, down 2.4% year-on-year; the import trade value was 835.8 billion U.S. dollars, down 0.1% year-on-year.

From January to September, the import and export trade value between China and Europe was US$647.1 billion, up 0.2% year-on-year, accounting for 19.6% of China’s total import and export value. The export trade value was 380.8 billion U.S. dollars, up 3.5% year-on-year; the import trade value was 266.3 billion U.S. dollars, down 4.0% year-on-year.

From January to September, the import and export trade value between China and Africa was US$133.8 billion, down 13.0% year-on-year, accounting for 4.1% of China’s total import and export value. The export trade value was 79.7 billion U.S. dollars, down 2.9% year-on-year; the import trade value was 54.0 billion U.S. dollars, down 24.6% year-on-year.

From January to September, the import and export trade value between China and North America was US$447.0 billion, a year-on-year decrease of 1.2%, accounting for 13.6% of China’s total import and export value. The export trade value was 339.1 billion U.S. dollars, down 0.1% year-on-year; the import trade value was 107.9 billion U.S. dollars, down 4.3% year-on-year.

From January to September, the import and export trade value between China and Latin America was US$226.3 billion, a year-on-year decrease of 2.5%, accounting for 6.9% of China’s total import and export value. The export trade value was 103.6 billion U.S. dollars, down 6.9% year-on-year; the import trade value was 122.7 billion U.S. dollars, up 1.5% year-on-year.

From January to September, the import and export trade value between China and Oceania was US$142.7 billion, down 2.0% year-on-year, accounting for 4.3% of China’s total import and export value. The export trade value was 45.0 billion U.S. dollars, up 8.1% year-on-year; the import trade value was 97.7 billion U.S. dollars, down 6.1% year-on-year.

Source: Ningbo Shipping Exchange