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Chinese foreign trade value breaks records in 2011

11
Jan '12
China's foreign trade value registered $3.64206 trillion in 2011, representing an increase of 22.5 percent compared with 2010. This value has broken all records of the previous years.

Among them, exports realized $1.8986 trillion, up 20.3 percent year on year and imports fetched $1.74346 trillion, up 24.9 percent year on year. Trade surplus was US $155.14 billion, down 14.5 percent from 2010.

China's import and export value reached US $332.92 billion in December 2011, an increase of 12.6 percent year on year, according to customs statistics.

Of which, exports scored $174.72 billion, an increase of 13.4 percent year on year and imports stood at $158.2 billion, up 11.8 percent year on year.

Annual growth rate of the fourth quarter was found to continuously decline compared with the first three quarters.

Fibre2fashion News Desk - China


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