Home / Knowledge / News / ASEAN becomes China's third largest trading partner
ASEAN becomes China's third largest trading partner
11
Jun '10
In the first five months of this year, bilateral trade between China and the EU reached US $177.49 billion, up 37.4 percent year on year. Over the same period, bilateral trade between China and the United States realized US $138.68 billion, up 28.2 percent year on year.

The Association of Southeast Asian Nations (ASEAN) overtook Japan to become China's third largest trading partner by a narrow margin. Total bilateral trade between China and ASEAN amounted to US $111.8 billion in the first five months, up 57.5 percent year on year.

Among them, China's exports to ASEAN registered US $52.7 billion, up 46.2 percent year on year; China's imports from ASEAN represented US $59.1 billion, up 69.1 percent year on year, showing a deficit of US $6.4 billion in trade with ASEAN, while China achieved a trade surplus of US $1.09 billion in the same period in 2009.

Over the same period, bilateral trade between China and Japan fetched US $111.56 billion, up 38.8 percent year on year. Among them, China's exports to Japan stood at US $44.96 billion, up 22.8 percent year on year; China's imports from Japan marked US $66.6 billion, up 52.3 percent year on year; to chalk up a trade deficit of US $21.64 billion.

Fibre2fashion News Desk - China

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search