China's Import and Exports Rise 20.9% from January to November

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Researched by Industrial Info Resources (Sugar Land, Texas)--From January to November 2008, China's accumulated imports and exports totaled $2.38 trillion, an increase of 20.9% compared with the same period last year. Exports reached $1.32 trillion, up 19.3%, and imports totaled $1.06 trillion, up 22.8%, year over year. An accumulated trade surplus of $ $255.95 billion was registered, up 6.9% year over year, the General Customs Administration of China announced on December 10.

Click on the image at right for a list of China's imports and exports by commodity.

According to the administration, imports and exports in November totaled $189.89 billion, down 9% year over year. Exports reached $114.99 billion, down 2.2%, and imports dropped 17.9% to $74.9 billion year over year.

Trade

General trade reached $1.15 trillion, up 31.1% year over year. Imports totaled $536.98 billion, up 39.2%, and the growth rate was 12.1 percentage points higher than the same period last year. Processing trade reached $981.28 billion, up 9.8% year over year. Imports reached $354.72 billion, up 6.2%, and exports reached $536.98 billion, up 11.9%.

In the first 11 months of the year, imports and exports by state-owned enterprise grew quickly to reach $571.37 billion, up 27.6%. The growth rate was 8.8 percentage points higher than the same period last year. Imports and exports by foreign-invested enterprises reached $1.31 trillion, up 15.4%, and collective-owned, private and other types of enterprises made up $495.44 billion, up 29.3%.

Regions

1) European Union: Bilateral trade reached $392.94 billion, up 22% year over year.

2) United States: Bilateral trade reached$307.82 billion, up 11.6% year over year.

3) Japan: Bilateral trade reached $246.23 billion, up 15.2% year over year.

India ranked 10th among China's top 10 trade partners, with a bilateral trade value of $48.38 billion, up 41.6% year over year. The major increase gives India the highest growth rate among all of China's trade partners.

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