China's Cosmetics Import Value Rose 7.1% MoM in August

China's cosmetics imports rose in both tonnage and value in August from a year earlier, as the overall rebound continued.

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On September 7, China's General Administration of Customs announced China's import and export customs data in August. According to customs statistics, from January to August this year, China's total import and export value was 27.3 trillion yuan (＄3.92 trillion), an increase of 10.1% over the same period last year. Among them, exports were 15.48 trillion yuan ($2.22 trillion), up 14.2%, and imports were 11.82 trillion yuan ($1.7 trillion), growing 5.2%. The trade surplus was 3.66 trillion yuan ($0.53 trillion), expanding by 58.2%. 

In August, China's total import and export value was 3.71 trillion yuan ($0.53 trillion), up 8.6%. Among them, exports of 2.21 trillion yuan ($0.32 trillion), an increase of 11.8%, and imports of 1.59 trillion yuan ($0.23 trillion), a growth of 4.6%. The trade surplus of 535.91 billion yuan ($76.93 billion), an expansion of 40.4%.

According to customs statistics, ASEAN continues to maintain its position as China's top trading partner. In the first eight months, China's trade with ASEAN was worth 4.09 trillion yuan ($0.59 trillion), growing 14%, accounting for 15% of China's total foreign trade. China's trade with the EU was worth 3.75 trillion yuan ($0.54 trillion), up 9.5%, accounting for 13.7%. The total value of trade between China and the U.S. was 3.35 trillion yuan ($0.48 trillion), an increase of 10.1%, accounting for 12.3%. The total value of trade between China and South Korea was 1.6 trillion yuan ($0.23 trillion), climbed 7.8%, accounting for 5.9%. 

Among them, the import value and tonnage of beauty cosmetics and washing&care began to decline again in August after stopping the decrease in July. Specific data are as follows: beauty cosmetics and washing&care imported 41055.1 tons in August, basically the same as last year, a slight decline of 0.03%. The import value was 12.82 billion yuan ($1.840 billion), down 6.42% year-on-year.

The cumulative import from January to August was 281,691.6 tons, a slip of 7.3% year-on-year, and the import value was 97.26 billion yuan ($13.962 billion), a decline of 4.6% year-on-year.

However, from the Month-on-month trend, in August, beauty cosmetics and washing&care import value and import tonnage maintained to grow, including import tonnage increased by 12.12%, import value rose 7.10%, and the overall import trend continues to rebound.