China's Import-Export Value Up 7.1% in March 2012

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Researched by Industrial Info Resources China (Beijing, China)--The import-export value of goods in China reached $325.97 billion in March 2012, an increase of 7.1% year over year, or 25.1% more than the previous month. The export value reached $165.7 billion, an increase of 8.9% year over year. The import value reached $160.31 billion, an increase of 5.3% year over year. From January to March 2012, the accumulative import and export value of China reached $859.37 billion, an increase of 7.3%. Of which, the export value reached $430.02 billion, an increase of 7.6% year over year; the import value reached $429.36 billion, an increase of 6.9% year over year; and the accumulative surplus reached $660 million, the General Customs Administration of China (GCAC) announced on April 10, 2012.

Click on image at right for a table showing the import and export quantities and values of major commodities in China.

From January to March 2012, general trade in China reached $452.67 billion, an increase of 8.1% year over year. The export value reached $200.5 billion, up 7.9%; the import value reached $252.17 billion, an increase of 8.2% year over year. The deficit under general trade reached $51.67 billion, an increase of 9.4% year over year. In the same period, the import and export value of processing trades reached $304.73 billion, an increase of 4.4% year over year. Export values reached $196.07 billion, up 6.3%; the import value reached $108.66 billion, up 1.2% year over year. The surplus under the processing trades reached $87.4 billion, up 13.4% year over year.

From January to March 2012, the European Union remained the primary trading partner with China, and the bilateral trade value reached $126.87 billion, an increase of 2.6% year over year. The bilateral trade value with the United States reached $106.77 billion, an increase of 9.3% year over year. The bilateral trade value with the Association of Southeast Asian Nations (ASEAN) reached $86.78 billion, an increase of 9.2% year over year. The bilateral trade value with Japan reached $79.44 billion, a decrease of 1.6% year over year. The bilateral trade value with emerging countries such as Brazil and Russia reached $18 billion and $21.49 billion, an increase of 11.5% and 33% year over year, respectively.

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