Mar. 12, 2012 (China Knowledge) - China, the world's largest exporter, saw its exports reach US$264.39 billion in the first two months of this year, 6.9% more than that in the same period of 2011, according to the latest statistics released by the General Administration of Customs
The country's imports grew 7.7% year on year to US$268.64 billion in the first two months, taking its foreign trade value to a total of US$533.03 billion, up 7.3% year on year. A trade deficit of US$4.25 billion was recorded during the period.
In February, China’s exports were US$114.47 billion and its imports were145.96 billion, thus recording a trade deficit of US$31.49 billion.
The country's trade with the E.U., the U.S., the ASEAN member countries and Japan were US$79.8 billion, US$66.05 billion, US$51.84 billion and US$49.07 billion in the two-month period, reflecting mild growth of 4.7%, 9.2%, 9.1% and 0.5% year on year, respectively. China's trade with Russia and Brazil grew 31.9% and 10.6% year on year to US$13.51 billion and US$11.54 billion, respectively.