China's Import and Export Value Up 6.5% in October 2013

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Researched by Industrial Info Resources China (Beijing, China)--The import and export value of China reached $339.7 billion in October 2013, an increase of 6.5% over 2012. The export value reached $185.4 billion, up 5.6%; the import value reached $154.3 billion, an increase of 7.6%; and the surplus of the month reached $31.1 billion. Upon seasonal adjustment, the import and export value for October 2013 showed a growth of 3.1% over 2013; exports rose 3.5% and import rose 2.7%. When compared with the previous month, the import and export value dropped 2.9%, according to the General Customs Administration of China (GCAC) on November 08, 2013.

In October 2013, the general trade in China reached $180.14 billion, an increase of 15.1% from 2012. The export value reached $91.33 billion, an increase of 11.9%. The import value reached $88.8 billion, up 18.5%.

In October 2013, European Union remained the first trade partner with China, and the bilateral trade value reached $47.54 billion, an increase of 0.5% compared to the same period in 2012, while the trade value with the U.S. and ASEAN reached $44.52 billion and $36.58 billion, increases of 6.9% and 10.9%, respectively. The trade value between the Chinese mainland and Hong Kong reached $27.63 billion, a jump of 22.1% over 2012. The bilateral trade value with Japan dropped 7% to $26.93 billion.

From January to October 2013, the accumulative import and export value of China reached $3.4 trillion, an increase of 7.6% over 2012. The export value reached $1.8 trillion, an increase of 7.8%; the import value reached $1.6 trillion, an increase of 7.3%; and the accumulative surplus reached $200.46 billion.

From January to October 2013, the general trade in China reached $1.8 trillion, an increase of 8.5% over 2012, accounting for 52.8% of the total. The export value reached $885.8 billion, an increase of 9.2%. The import value reached $910.55 billion, up 7.9%. In the same period, the import and export value of processing trade in China reached $1.1 trillion, an increase of 0.5% over 2012, and the surplus under processing trade reached $293.97 billion.

From January to October 2013, China's import of energy and resource products was increased in quantity but dropped in price. The import of iron ore reached 670 million metric tons, an increase of 10.1% compared to the same period in 2012, and the average import price is $129.1 per ton, a drop of 2.3%; the import of crude oil reached 230 million metric tons, an increase of 3.4%, and the average import price is $777.9 per ton, a drop of 4.9%; the import of coal reached 260 million metric tons, an increase of 17.3% and the average import price is $89.8 per ton, a drop of 13.1%.

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