Industrial Manufacturing
China's Import and Export Value Up 6.2% in December 2013
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
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%.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine 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.
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