EU tops as export destination for Chinese products
14 Oct '05
4 min read
Total imports and exports by foreign investment enterprises reached US$590.21 billion, up by 24.9%, 1.2% higher than the growth rate of total imports and exports, accounting for 57.6% of total imports and exports and 0.5% higher than that in the same period of last year.
Meanwhile, imports and exports by state-owned enterprises were US$271.79 billion, up by 12.7% and accounting for 26.5% of total imports and exports, down by 2.6% compared with the same period of last year.
Besides, imports and exports by collective, private and other type of enterprises grew sharply and amounted to US$162.41 billion in the first 3 quarters, up by 41.9% and accounting for 15.9%, 2.1% higher than that in the same period of last year.
EU kept in the first place among all China's trading partners in the first 3 quarters. Bilateral trade between China and EU amounted to US$157.79 billion, up by 23.3%.
The US followed up and the bilateral trade with China in the period was US$153.54 billion, up by 25.6%. And Japan was the third biggest one, bilateral trade between Japan and China hit US$134.55 billion, up by 10.5%.
Besides, the fourth and fifth biggest partners were Hong Kong and ASEAN. And bilateral trade were US$94.69 and US$94.54 billion respectively, up by 20.4% and 25.3%.
In exports, machinery and electronic products played a predominant role in the first 3 quarters. Exports of traditional staple products turned a favorable trend of increase and exports of crude oil and finished oil grew rapidly.
marketing@alchempro.com
