China's Import and Export Value Up 6.2% in December 2013

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Researched by Industrial Info Resources China (Beijing, China)--The import and export value of China reached $389.84 billion in December 2013, an increase of 5.2% from the previous month, or 6.2% from December 2012, according to an announcement from the General Customs Administration of China (GCAC) on January 10, 2014. The export value reached $207.74 billion, up 2.7% from the previous month, or 4.3% from December 2012; the import value achieved $182.10 billion, an increase of 8.1% from the previous month, or 8.3% from December 2012; and the surplus for the month stood at $25.64 billion.

Upon seasonal adjustment, the import and export value for December 2013 showed a growth of 3.8% from the same month last year; exports increased 3.3% and import increased 4.3%. Compared with the previous month, the import and export values both increased 3.2%.

In December 2013, general trade in China reached $207.42 billion, an increase of 10.3% from December 2012. The export value reached $103.63 billion, an increase of 8.1%, and the import value reached $103.79 billion, up 12.5%.

In December 2013, the European Union remained the first trade partner with China, and the bilateral trade value reached $53.04 billion, an increase of 2.1% from December 2012. The trade value with the U.S. and ASEAN reached $48.85 billion and $44.37 billion, an increase of 7.5% and 10.9% from December 2012, respectively. The trade value between the Chinese mainland and Hong Kong reached $39.57 billion, a jump of 17.5%. The bilateral trade value with Japan fell 5.1% to $28.45 billion.

From January to December 2013, the accumulative import and export value of China reached $4.16 trillion, an increase of 7.6%. The export value reached $2.21 trillion, an increase of 7.9%; the import value reached $1.95 trillion, an increase of 7.3%; and the accumulative surplus reached $259.75 billion.

From January to December 2013, the general trade in China reached $2.2 trillion, an increase of 9.3% from 2012, accounting for 52.8% of the total. The export value reached $108.76 billion, an increase of 10.1%, and the import value reached $1.11 trillion, up 8.5%.

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