Oct. 18, 2012 (China Knowledge) - China, the world's largest exporter, saw its exports reach US$1.5 trillion in the first nine months of this year, 7.4% 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 4.8% YoY to US$1.35 trillion in the first nine months, taking its foreign trade value to a total of US$2.84 trillion, up 6.2% YoY. A trade surplus of US$148.31 billion was recorded during the period.
The value of both exports and imports under general trade was US$729.78illion and US$769.19 billion in the nine-month period, up 8.3% and 3.6% YoY, respectively, and the value of both exports and imports under processing trade was US$630.94 billion and US$352 billion, up 3% and 0.9% YoY, respectively.
The export value of mechanical and electronic products increased 8.3% YoY to US$854.83 billion in the first nine months of this year, while the imports of such products was US$575.27 billion, up 2.7% from the same period of last year.
From January to September, China saw its foreign invested companies generate US$ 1.4 trillion in foreign trade value, reflecting a YoY increase of 2.2%, while the private enterprises and state-owned enterprises contributed US$877.97 billion and US$565.03 billion, up 18.8% and down 0.8% YoY, respectively.
The country's trade with the E.U. reached US$410.99 billion during the nine-month period, down 2.7% YoY, while, its trade with the U.S., the ASEAN member countries and Japan were US$355.42 billion, US$288.87 billion and US$248.76 billion, up 9.1%, 8.1% and down 1.8% YoY, respectively. China's trade with Russia and Brazil grew 14.2% and 5% YoY to US$66.17 billion and US$65.42 billion, respectively.