SunSirs: General Administration of Customs: China’s Crude Oil Imports Rose 1.3% Year-on-Year in the First Four Months

According to customs statistics, in the first four months of 2026, the total value of my country's goods trade imports and exports reached 16.23 trillion RMB, a year-on-year increase of 14.9% (unless otherwise specified). Of this total, exports amounted to 9.33 trillion RMB, up 11.3%, while imports totaled 6.9 trillion RMB, up 20%. In April alone, the total value of my country's goods trade imports and exports stood at 4.38 trillion RMB, an increase of 14.2%. Specifically, exports reached 2.48 trillion RMB, up 9.8%, and imports reached 1.9 trillion RMB, up 20.6%.

In terms of trade modes, during the first four months, my country's general trade imports and exports amounted to 9.82 trillion RMB, up 8.5%; processing trade imports and exports totaled 3.08 trillion RMB, up 21.3%; and bonded logistics imports and exports reached 2.81 trillion RMB, up 38.7%.

Regarding trade partners, in the first four months, the total trade value between my country and ASEAN reached 2.75 trillion RMB, up 15.7%; trade with the EU totaled 2.01 trillion RMB, up 13.2%; and trade with the U.S. totaled 1.25 trillion RMB, down 12.9%. During the same period, my country's combined imports and exports with countries participating in the "Belt and Road Initiative" reached 8.28 trillion RMB, an increase of 13.5%.

In terms of trade entities, during the first four months, private enterprises' imports and exports totaled 9.31 trillion RMB, up 15.9%; foreign-invested enterprises' imports and exports reached 4.72 trillion RMB, up 15.4%; and state-owned enterprises' imports and exports amounted to 2.16 trillion RMB, up 9.8%.

Regarding key commodities, on the export side, during the first four months, my country exported electromechanical products worth 5.92 trillion RMB, up 17.6%; labor-intensive products worth 1.26 trillion RMB, down 2.6%; and agricultural products worth 240.15 billion RMB, up 2%. Regarding imports, during the first four months of the year, my country imported mechanical and electrical products valued at 2.76 trillion RMB—an increase of 23.6%; crude oil totaling 185 million tons—up 1.3%; and agricultural products valued at 475.73 billion RMB—an increase of 10.3%.

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