EU tops as export destination for Chinese products

14 Oct '05

4 min read

China Customs released the status of imports and exports in the first 3 quarters on Oct. 11, 2005.

According to which, total imports and exports of China in the first 3 quarters amounted to US$1.02451 trillion, breaking through US$1 trillion two months earlier compared with 2004 and up by 23.7% compared with the same period of last year.

Of which exports were US$546.42 billion, up by 31.3% on a year-on-year basis and maintaining the growth rate of over 30%, exports were US$478.09 billion, up by 16% and 15.3% lower than that in the same period of last year. From Jan. through Sept., total trade surplus reached US$68.33 billion.

In Sept., imports and exports hit US$132.81 billion, keeping a scale of over US$100 billion for 7 months running and up by 24.7%. Of which exports were US$70.19 billion and imports US$62.62 billion, up by 25.9% and 23.5% respectively.

Monthly exports broke through US$70 billion for the first time. In Sept., trade surplus hit US$7.57 billion, being the month with least trade surplus since May in 2005.

Statistics indicated that in the first 3 quarters, China's imports and exports by conventional trade increased with a high speed and the growth rate kept rising.

Of which, exports were US$436.79 billion, up by 21.8% and accounting for 42.6% of total imports and exports in the same period.

Exports by processing trade were obviously more than imports, in the first 3 quarters, imports and exports of China by processing trade hit US$489.36 billion, up by 26.2% and accounting for 47.8% of total imports and exports in the same period.

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