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China's exports up 7.8% in Jan-Oct

Nov. 12, 2012 (China Knowledge) - China, the world's largest exporter, saw its exports reach US$1.67 trillion in the first ten 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 4.6% YoY to US$1.49 trillion in the first ten months, taking its foreign trade value to a total of US$3.16 trillion, up 6.3% YoY. A trade surplus of US$180.23 billion was recorded during the period.

The value of both exports and imports under general trade was US$811.4 billion and US$844.23 billion in the ten-month period, up 8.5% and 2.7% YoY, respectively, and the value of both exports and imports under processing trade was US$705.23 billion and US$393.3 billion, up 3% and 1.6% YoY, respectively.

The export value of mechanical and electronic products increased 8.5% YoY to US$957.38 billion in the first ten months of this year, while the imports of such products was US$639.35 billion, up 3.1% from the same period of last year.

The country's trade with the E.U. reached US$452.83 billion during the ten-month period, down 3% YoY, while, its trade with the U.S., the ASEAN member countries and Japan were US$396.09 billion, US$323.89 billion and US$275.47 billion, up 9.1%, 9.4% and down 2.1% YoY, respectively. China's trade with Russia and Brazil grew 13.4% and 3.5% YoY to US$73.59 billion and US$72.04 billion, respectively.







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