China's October Trade Value Jumps 8.4% from Year Earlier

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Researched by Industrial Info Resources China (Beijing, China)--The value of China's imports and exports jumped 8.4% in October from a year earlier to $368.33 billion, according to the General Customs Administration of China (GCAC). Export values rose 11.6% to $206.87 billion, and imports increased 4.6% to $161.46 billion, for a trade surplus of $45.4 billion.

In comparison with September, October trade values fell 7.1%. Exports fell 3.2% from September, while imports dropped 11.6%, according to the GCAC.

General trade in October reached $188.41 billion, a 4.6% increase over October 2013. Exports increased 12.7% to $102.85 billion, and imports fell 3.7% to $85.56 billion.

The European Union remained China's primary trade partner in October, with imports and exports increasing 11.2% to $50.59 billion from the same month last year. Trade with the U.S. increased 6.9% to $48.42 billion, while trade with members of the Association of Southeast Asian Nations rose 8.9% to $44.16 billion.

Trade between the Chinese mainland and Hong Kong totaled $33.65 billion, a drop of 8.8% from October 2013. Trade with Japan reached $25.89 billion, an increase of 1.2%. Trade with Korea reached $25.88 billion, an increase of 6.2%.

China's imports and exports reached $3.5 trillion in the first 10 months of this year, up 3.8% from the same period last year. Exports increased 5.8% to $1.9 trillion, while imports few 1.6% to $1.6 trillion, for a trade surplus of $277.11 billion.

China's general trade for the first 10 months of this year reached $1.9 trillion, a 6.3% increase over the same period last year. Exports rose 10.9% to $982.14 billion, while imports rose 1.8% to $927.27 billion. China imported 780 million tonnes of iron ore in the first 10 months of this year, a 16.5% increase over the same 10 months in 2013. Coal imports fell 7.7% to 243 million tonnes; steel imports increased 4.1% to 12.09 million tonnes; crude oil imports increased 9.2% to 250 million tonnes, and refined oil products fell 26.9% to 22.41 million tonnes.

Industrial Info tracks more than10,200 operational plants and 14,100 active projects in China, with a total investment of more than $2 trillion.

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