China's total foreign trade value which includes imports and exports touched US $2.20 trillion in 2009, a fall of 13.9 percent when compared with 2008, but slightly above the total value of foreign trade in 2007.
Among them, exports realized $1.20 trillion, down 16 percent year on year, imports registered $1.00 trillion, down 11.2 percent year on year, which lead to a balance of trade surplus of $196.07 billion, down 34.2 percent year on year.
Customs statistics reveal that China's imports as well as exports rose substantially to US $243.02 billion in December 2009, representing a year-on-year increase of 32.7 percent, of which exports marked $130.73 billion, the fourth high monthly export value in history, representing a year-on-year increase of 17.7 percent.
Correspondingly, imports in December scored $112.29 billion, creating a record high of monthly import value, representing a year-on-year increase of 55.9 percent.
Fibre2fashion News Desk
Get Free Weekly Market Insights Newsletter
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
