China's Exports Rise 9.7% in December, Exports Fall 2.4%

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Researched by Industrial Info Resources China (Beijing, China)--China's imports and exports reached $405.42 billion in December, a 4% increase over the same month in 2013, according to the General Customs Administration of China (GCAC). Exports jumped 9.7% to $227.51 billion, while imports fell 2.4% to $177.9 billion, for a surplus of $49.61 billion.

On a monthly basis, exports in December rose 7.5% over those in November, while imports rose 13.3%, according to the GCAC.

The European Union continued as China's primary trade partner in December, with trade value rising 9.9% over the same month in 2013 to $57 billion. Trade with the United States rose 6.6% to $52.61 billion, while trade with Association of Southeast Asian Nations (ASEAN) countries grew 8.3% to $47.72 billion.

December trade between the Chinese mainland and Hong Kong fell 6.2% from the previous year to $42.86 billion. Trade with Japan stayed the same at $27.46 billion, and trade with Korea rose 5.9% to $26.31 billion.

For all of 2014, total exports from China reached $4.3 trillion, a 3.4% increase over 2013. Exports rose 6.1% to $2.34 billion, and imports increased 0.4% to $1.96 billion, for a trade surplus of $382.46 billion.

Among commodities trade, iron ore imports in December jumped 18.4% from a year earlier to 86.85 tonnes. Coal imports fell 23.4% to 27.22 million tonnes. Steel imports were level with a year earlier at 1.21 million tonnes; oil products imports fell 5.3% to 3.2 million tonnes.

For all of 2014, iron ore imports reached 932.51 million tonnes, a 13.8% over 2013. Coal imports fell 10.9% to 291.22 million tonnes; steel imports rose 4.1% to 14.66 million tonnes, crude oil imports rose 9.5% to 308.38 million tonnes and oil products imports fell 24.2% to 30 million tonnes.

Industrial Info Resources tracks more than 10,200 operational plants and 14,100 active projects in China, with a total investment value of $2 trillion.

Industrial Info Resources tracks more than 10,200 operational plants and 14,100 active projects in China, with a total investment value of $2 trillion.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.