Apr. 11, 2012 (China Knowledge) - China, the world's largest exporter, saw its exports reach US$165.66 billion in March this year, 8.9% more than that in the same month of 2011, according to statistics released by the General Administration of Customs
Last month, the country's imports grew 5.3% year on year to US$160.31 billion, taking its foreign trade value to a total of US$325.97 billion in the month, up 7.1% year on year.
The country recorded a trade surplus of US$5.35 billion in March, after seeing a trade deficit of US$31.48 billion in February. Total trade surplus was only US$670 million in the first quarter.
In the first three months, China's foreign trade rose 7.3% year on year to US$859.37 billion, comprising US$430.02 billion in export value and US$429.35 billion in import value, up 7.6% and 6.9% from the same period of last year, respectively.
China saw fast growth in trade with Russia and Brazil in the first quarter, which reached US$24.19 billion and US$18 billion, up 33% and 11.5% year on year, respectively. The country's trade with the E.U., the U.S. and the ASEAN member countries were US$126.87 billion, US$106.77 billion and US$86.78 billion, up 2.6%, 9.3% and 9.2% year on year, respectively, but its trade with Japan fell 1.6% to US$79.44 billion.