Overseas investment

China's foreign trade exceeds $1.5 trillion in first three quarters

1970-01-01 08:33:27

 
During the first three quarters of this year, China registered an import/export value of 1.6 trillion US dollars, rising 23.5 percent year on year; and at a growth rate 0.5 percentage point lower than in the previous eight months, according to the General Administration of Customs.

Exports remained at 878 billion dollars, up 27.1 percent and 0.6 percentage point slower than the previous eight months. Imports stood at 693 billion dollars, up 19.1 percent and 0.5 percentage point slower than the previous eight months. The trade surplus added up to 186 billion dollars in the first nine months, growing at a rate 2.1 percentage points slower than in the previous eight months.

Customs statistics displayed a slowing trend in the import/export growth of general trade and processing trade. During the first three quarters, China's import/export of general trade stood at 704 billion dollars, up 28.7 percent. During the same period, the import/export of processing trade was 706 billion dollars, up 18.5 percent.

Statistics showed that China's import/export value with its top six trading partners - the EU, the US, Japan, ASEAN, Hong Kong and the ROK - all exceeded 100 billion dollars.

By People's Daily Online