1970-01-01 08:33:27
The China Customs Bureau recently released the status of China's foreign trade from January to May this year. Statistics from the China Customs Bureau show that in the first five months, the total value of China's foreign trade had reached US$801.34 billion, up by 23.7 percent more than in the same period last year. The value of exports reached US$443.53 billion, up by 27.8 percent, with a growth rate 0.3 percent higher than in the first four months. The value of imports hit US$357.81billion, up by 19.1 percent, with a growth rate equal to the rate during the first four months.
The statistics from the China Customs Bureau show that the total value of China's foreign trade hit US$165.65 billion in May, up by 24.4 percent; of which the value of exports was US$94.05 billion, up by 28.7 percent, with the growth rate 1.2 percent higher than the first four months. The value of imports was US$71.6 billion, up by 19.1 percent, with the growth rate equal with the rate during the first four months. The foreign trade surplus hit US$22.45 billion in May.
According to the data issued by China Customs, the value of China's general trade hit US$357.02 billion in the first five months, up 29.1 percent. In the same period, the value of China's processing trade hit US$363.07 billion, up 18.1 percent. The bilateral trade between China and its major trading partners, including the EU, the US, Japan and the Association of Southeast Asian Nations (ASEAN), is growing smoothly. In the first five months, the EU was China's largest trading partner, with the value of bilateral trade reaching US$129.87 billion, up 29 percent, and 5.3 percentage points higher than China's overall trade growth rate in the same period. The US is China's second largest trading partner, with a value of bilateral trade reaching US$115.17 billion, up 18.2 percent. Japan is China's third largest trading partner, with a value of bilateral trade amounting to US$91.24 billion, up 15.5 percent.
Among the export commodities, in the first five months, the export value of China's mechanical and electrical products hit US$254.02 billion, up 27.5 percent, making up 57.3 percent of the total export value in the same period. Among the imported commodities, in the first five months, soybean imports reached 11.34 million tons, up 9.2 percent. The import value of mechanical and electrical products hit US$184.19 billion, up 14.6 percent; of which 107,000 automobiles were imported, up 25.3 percent.
By People's Daily Online