China's Import and Export Value Up 9% in June 2012 from Same Period Last Year

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Researched by Industrial Info Resources China (Beijing, China)--The import and export value of China reached $328.7 billion in June 2012, an increase of 9% from June 2011, according to an announcement from the General Customs Administration of China (GCAC) on July 10, 2012. The export value achieved $180.21 billion, an increase of 11.3% from June 2011, and the import value achieved $148.48 billion, an increase of 6.3%.

From January to June 2012, the accumulative import and export value of China reached $1.84 trillion, an increase of 8% from the same period in 2011, according to GCAC. For this period, the export value reached $954.38 billion, an increase of 9.2% from the same period in 2011; the import value reached $885.46 billion, an increase of 6.7%; and the accumulative surplus reached $68.92 billion, a jump of 56.4%.

From January to June 2012, the general trade in China reached $975.09 billion, an increase of 8.9% from January to June 2011, according to GCAC. The export value reached $460.58 billion, up 10.1%; the import value reached $514.52 billion, an increase of 7.8%. In the same period, the import and export value of processing trade reached $643.15 billion, an increase of 4.3%.

From January to June 2012, the European Union remained the first trade partner with China, but the growth rate was largely slowed, and the bilateral trade value reached $267.82 billion, a slight increase of 0.7% from January to June 2011, according to GCAC. The trade value with the U.S. reached $231.12 billion, an increase of 11.9%. The bilateral trade value with ASEAN reached $187.82 billion, an increase of 9.7%. The bilateral trade value with Japan reached $162 billion, a drop of 0.2%. In the same period, the bilateral trade value with emerging countries such as Brazil and Russia reached $41.08 billion and $43.69 billion, an increase of 11.8% and 21.7% from the same period last year, respectively.

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