China's Import and Export Values for January Jump 44.4%

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Researched by Industrial Info Resources (Sugar Land, Texas)--In January 2010, import and export values in China reached $204.78 billion, a jump of 44.4% year over year. Export values reached $109.47 billion, an increase of 21% year over year, while import values reached $95.31 billion, a jump of 85.5% year over year. The accumulative surplus in trade reached $14.16 billion, a drop of 63.8% year over year, the General Customs Administration of China (GCAC) announced on February 10, 2010.

Click on image at right for a detailed listing of China's import and export values in January 2010.

In January 2010, the import and export value of general trade jumped to $106.36 billion, an increase of 45% year over year. Of this, export values reached $51.98 billion, an increase of 13.3%, and import values reached $54.38 billion, a jump of 97.9% year over year.

In January 2010, the import and export value of processing trade jumped to $76.06 billion, an increase of 40.4% year over year. Of this, export values reached $49.17 billion, an increase of 27.2%, and import values reached $26.89 billion, a jump of 73.4% year over year.

In January 2010, the European Union remained the primary trading partner with China. Europe and China's bilateral trade value reached $35.18 billion, an increase of 26% year over year. The trade value with the United States reached $26.48 billion, an increase of 19.1% year over year. Benefitting from the beginning of operations of the China-ASEAN Free Trade Area, which started January 1, the bilateral trade value with the Association of Southeast Asian Nations (ASEAN) jumped to $21.48 billion, an increase of 80% year over year. Exports to ASEAN reached $10.55 billion, an increase of 52.8% year over year. Imports from ASEAN jumped to $10.93 billion, up 120%. The bilateral trade value with Japan reached $19.65 billion, an increase of 35.5% year over year.

In January 2010, imports of major bulk commodities showed rises in both volumes and the average price. Imports of iron ore reached 46.62 million metric tons, an increase of 43% year over year. The average price of iron ore was $89.9 per ton, up 11.2% year over year. Imports of coal reached 16.07 million metric tons, an increase of 440%, and the average price was $92.3 per ton, up 20.1% year over year. Imports of soy reached 4.07 million metric tons, an increase of 34.5% year over year, and the average price was $464.9 per ton, up 17.8%.

In January 2010, the import value of mechanical and electrical products reached $43.5 billion, a jump of 66.1%. Import of vehicles reached 56,000 units, an increase of 140%.

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