Aug. 13, 2012 (China Knowledge) - China, the world's largest exporter, saw its exports reach US$1.13 trillion in the first seven months of this year, 7.8% 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 6.4% YoY to US$1.04 trillion in the first seven months, taking its foreign trade value to a total of US$2.17 trillion, up 7.1% from a year earlier. A trade surplus of US$94.11 billion was recorded during the period.
In Jul, China’s foreign trade value rose 2.7% YoY to US$328.73 billion, comprising US$176.94 billion in export value and US$151.79 billion in import value, up 1% and 4.7% YoY, respectively.
From January to July, the country's trade with the E.U. and Japan were US$315.75 billion and US$ 190.86 billion, down 0.9% and 0.2% YoY, while the foreign trade with the U.S. and the ASEAN member countries were US$271.4 billion and US$220.57 billion in the seven-month period, reflecting a YoY growth of 10.5% and 9%, respectively. China's trade with Russia and Brazil grew 17.7% and 10.3% YoY to US$50.94 billion and US$49.78 billion, respectively.