The General Administration of Customs released the latest statistics on December 12, it shows that China's total value of imports and exports from January to November this year reached almost US $2 trillion, already exceeding the total import and export level of last year. This showed an increase of over 23.5 percent over the same period last year, with growth rate gaining 0.1 percent points over the previous 10 months.
Of these, exports marked over $1 trillion, a boost of 26 percent, 0.4 percentage points below the previous 10 month; imports registered $865.4 billion, an increase of 20.5 percent, 0.6 percentage points higher than the previous 10 months. From January to November cumulative trade surplus fetched $238 billion, a growth of 52.2 percent, slowing down 6.8 percentage points from the trade surplus growth rate of the previous first 10 months.
According to customs statistics, November import and export value scaled at nearly $209 billion, growing almost 24 percent. Of these, exports were $117.62 billion, up 22.8 percent, 0.5 percentage points higher than the growth rate of the previous month.
Monthly exportation scale maintained above $100 billion for 6 months consecutively. November imports were $91.3 billion, up 25.3 percent, 0.2 percentage points lower compared to the previous month. Monthly importation scale first surpassed $90 billion. November trade surplus read $26.28billion, up 14.7 percent.
From January to November, the EU remained China's largest trading partner. Sino-EU trade volume scored $322.7 billion, up 27.3 percent; US continued to China's second largest trading partner, Sino- trade volume displayed $276.2 billion, up 15.7 percent. Japan was China's third largest trading partner; Sino-Japan trade worth amounted to $213.83 billion, an increase of 14 percent.
During the period, China's bilateral trade with ASEAN, Hong Kong, South Korea and Taiwan Province all exceeded $100 billion, to $182.33 billion, $178.46 billion, $145.24 billion, and $112.78 billion, up 25.6 percent, 19.5 percent, 19.2 percent and 14.9 percent, respectively.
Fibre2fashion, News Desk - China
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