Imports, Exports in China Show 23.6% Increase Year over Year

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Researched by Industrial Info Resources (Sugar Land, Texas)--From January to November, the accumulated import and export value reached almost $2 trillion, an increase of 23.6% compared with the same period last year. The accumulated export value reached $1.1 trillion, up 26.1% over last year, and the accumulated import value reached $865.5 billion, up 20.5% over last year. The accumulated surplus reached $238.1 billion, up 52.2% year over year, but the growth rate slowed 6.8 percentage points, the General Customs Administration of China announced in November.

In November, the total import and export value reached $209 billion, an increase of 23.9% compared with the same period last year. The total export value reached $117.6 billion, up 22.8% year over year, and the total import value reached $91.3 billion, up 25.3% year over year. The surplus reached $26.3 billion, up 14.7%.

Imports and exports in general trade reached $874.4 billion, up 29%. Exports grew, but the growth rate slowed steadily from January to November. Imports, on the other hand, accelerated.

•Exports: $488.1 billion, up 30.2%
•Imports: $386.3 billion, up 27.4%

Imports and exports in processing trade reached $894.6 billion, up 18.7%, and imports and exports of foreign-invested enterprises reached $1.1 trillion, up 21.4%.

The European Union remains China's top trade partner with bilateral trade reaching $322.8 billion, an increase of 27.3%. The United States came in second with bilateral trade reaching $276.2 billion, an increase of 15.7%. Japan ranked third with bilateral trade totaling $213.8 billion, up 14%. Trade with the Association of Southeast Asian Nations and Hong Kong reached $182.3 billion and $178.5 billion, respectively, in the first 11 months of the year, up 25.6% and 19.5%, respectively.

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