Home / Knowledge / News / European Union continues to be largest trading partner
European Union continues to be largest trading partner
15
Oct '08
According to customs statistics released recently pertaining to the first nine months of 2008, the European Union continued to be China's largest trading partner.

China-EU bilateral trade value reached US $322.5 billion, a year-on-year increase of 25.9 percent , 12.1 and 8.1 percentage points higher than the growth rates of Sino-US and Sino-Japanese bilateral trade over the same period, respectively.

Over the same period United States continued to be China's second largest trading partner. Sino-US bilateral trade value amounted to $251.5 billion, up 13.8 percent, but down 1.8 percent from the increase of same time last year.

Of which, China's exports to the US were $189.1 billion, up 11.2 percent, but down 4.6 percentage points from growth rate of last year. China's imports from the US were $62.4 billion, up 22.1 percent, an increase of 7 percent over the same period last year.

Bilateral trade with Japan, China's third largest trading partner in the first nine months of 2008, fetched US $202.7 billion, an increase of 17.8 percent. Among them, China's exports to Japan were US $85.85 billion, an increase of 16 percent while China's imports from Japan were US $116.9 billion, an increase of 19.2 percent.

China's trade deficit with Japan stood at $31.05 billion, an increase of 29.1 percent over the same period of last year.

In addition, India took the tenth place among China's largest trading partners. In the first nine months, Sino-Indian bilateral trade touched $42.05 billion, an increase of 54.9 percent thereby ranking the first place in growth rate among China's top 10 largest trading partners.

Fibre2fashion News Desk - China


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Top executives
Textile industry

The foremost issue is bridging the skill gap

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Urmil Arya

Sushila International, a well established textile organisation established ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search