Business News Agency January 10 News released by the General Administration of Customs on the 10th showed that China’s foreign trade import and export value totaled US$297.76 billion in 2010, an increase of 34.7% over the previous year, and the overall development of foreign trade was basically balanced.
According to customs data, China’s foreign trade exports in 2010 were US$157.793 billion, up 31.3%; imports were US$1394.83 billion, up 38.7%; trade surpluses were US$183.1 billion, down 6.4%.
At the same time, the ratio of China's trade surplus with the total value of imports and exports fell from 11.6% in 2008 to 8.9% in 2009, and it further decreased to 6.2% in 2010. The overall development of foreign trade is basically balanced.
According to customs statistics, in December 2010, China’s foreign trade import and export value was 295.22 billion U.S. dollars, an increase of 21.4%. Among them, exports were 154.15 billion U.S. dollars, up 17.9%; imports were 141.07 billion U.S. dollars, up 25.6%; and monthly trade surplus was 13.08 billion U.S. dollars, down 28.9%. In December 2010, China’s export and import values ​​both set a record high just last month. The total value of exports, imports, exports, and imports of China’s foreign trade increased by 4%, 0.5%, and 8% respectively month-on-month, boosting the monthly import and export volume. For the first time, it surpassed the $290 billion mark and hit a record high.
In addition, in 2010, China’s general trade import and export amounted to US$148.87 billion, an increase of 39.9%, which was 5.2 percentage points higher than China’s import and export growth. China's import and export of processing trade reached 1,157.76 billion U.S. dollars, an increase of 27.3%. Under processing trade, the trade surplus was 322.9 billion U.S. dollars, an increase of 22.2%, equivalent to 1.76 times of the total surplus of the current year.
In bilateral trade with major trading partners, in 2010, Sino-EU bilateral trade value totaled 479.71 billion U.S. dollars, an increase of 31.8%. Sino-U.S. bilateral trade totaled 385.34 billion U.S. dollars, an increase of 29.2%. The total value of bilateral trade between China and Japan was 297.77 billion U.S. dollars, an increase of 30.2%, and the trade deficit with Japan was 55.65 billion U.S. dollars, an increase of 68.5%.
Customs statistics show that in 2010, China’s bilateral trade with emerging markets such as ASEAN, India, Australia, Brazil and Russia grew rapidly. Among them, bilateral trade with ASEAN totaled 292.78 billion U.S. dollars, an increase of 37.5%. In the same year, India became China’s 10th largest trading partner, with bilateral trade value totaling US$61.76 billion, an increase of 42.4%. In addition, my bilateral trade with Australia, Brazil and Russia increased by 46.5%, 47.5% and 43.1% respectively.
According to customs data, China’s foreign trade exports in 2010 were US$157.793 billion, up 31.3%; imports were US$1394.83 billion, up 38.7%; trade surpluses were US$183.1 billion, down 6.4%.
At the same time, the ratio of China's trade surplus with the total value of imports and exports fell from 11.6% in 2008 to 8.9% in 2009, and it further decreased to 6.2% in 2010. The overall development of foreign trade is basically balanced.
According to customs statistics, in December 2010, China’s foreign trade import and export value was 295.22 billion U.S. dollars, an increase of 21.4%. Among them, exports were 154.15 billion U.S. dollars, up 17.9%; imports were 141.07 billion U.S. dollars, up 25.6%; and monthly trade surplus was 13.08 billion U.S. dollars, down 28.9%. In December 2010, China’s export and import values ​​both set a record high just last month. The total value of exports, imports, exports, and imports of China’s foreign trade increased by 4%, 0.5%, and 8% respectively month-on-month, boosting the monthly import and export volume. For the first time, it surpassed the $290 billion mark and hit a record high.
In addition, in 2010, China’s general trade import and export amounted to US$148.87 billion, an increase of 39.9%, which was 5.2 percentage points higher than China’s import and export growth. China's import and export of processing trade reached 1,157.76 billion U.S. dollars, an increase of 27.3%. Under processing trade, the trade surplus was 322.9 billion U.S. dollars, an increase of 22.2%, equivalent to 1.76 times of the total surplus of the current year.
In bilateral trade with major trading partners, in 2010, Sino-EU bilateral trade value totaled 479.71 billion U.S. dollars, an increase of 31.8%. Sino-U.S. bilateral trade totaled 385.34 billion U.S. dollars, an increase of 29.2%. The total value of bilateral trade between China and Japan was 297.77 billion U.S. dollars, an increase of 30.2%, and the trade deficit with Japan was 55.65 billion U.S. dollars, an increase of 68.5%.
Customs statistics show that in 2010, China’s bilateral trade with emerging markets such as ASEAN, India, Australia, Brazil and Russia grew rapidly. Among them, bilateral trade with ASEAN totaled 292.78 billion U.S. dollars, an increase of 37.5%. In the same year, India became China’s 10th largest trading partner, with bilateral trade value totaling US$61.76 billion, an increase of 42.4%. In addition, my bilateral trade with Australia, Brazil and Russia increased by 46.5%, 47.5% and 43.1% respectively.
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