China Customs: Import and Export Volume Exceeds 1700 Billion USD in first half of 2011

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According to the General Administration of Customs of the People’s Republic of China, from January to June, China’s total volume of import and export had reached 1703.67 billion US dollar, 25.8% more than that of the corresponding period(similarly hereinafter )last year, of which the export volume was 874.3 billion US dollars, up by 24%, and the import volume was 829.27 billion US dollars. The accumulated surplus was 44.93 billion US dollars, narrowed by 18.2%.

The custom statistics shows that total volume of import and export in June this year was 301.69 billion US dollars, increased by 18.5%, of which the export was 161.98 billion US dollars, up by 17.9%, surpassing the record high of 157.16 billion US dollars in May, and the import was 139.71 billion US dollars, up by 19.3%.

Picture source:tehrantimes.com


In the first half this year, China's general import and export trade volume was 895.29 billion U.S. dollars, up by 31.7%, of which export accounts for $ 418.65 billion, increased by 30.4%, and the import was 476.64 billion U.S. dollars, up by 33%, 5.4 percentage higher than import growth nationwide. The deficit in the general trade was $ 57.99 billion, increased by 55.4%. meanwhile, China's import and export in the processing trade amount to 616.64 billion U.S. dollars, up by 16.9%, of which the export was $ 390.45 billion, up by 17.5%, and the import was 226.19 billion U.S. dollars, increased by 15.9%. Surplus in the processing trade was $ 164.26 billion, increased by 19.8%.

As for the bilateral trade with our main trade partners in the first half this year, the bilateral trade value between China and EU was 265.89 billion US dollars, up by 21.3%. Meanwhile, bilateral trade value between China and the US was $ 206.44 billion, an increase of 20.1%. In the first half this year China and ASEAN’s bilateral trade value amounted to $ 171.12 billion, up by 25.4%. and the Sino-Japanese bilateral trade value was $ 162.35 billion, up by 19%.

In the first half this year, Guangdong's imports and exports was $ 435.09 billion, an increase of 26%. Meanwhile, import and export value of Jiangsu Province, Shanghai and Beijing were 257.39 billion, 207.92 billion and 185.63 billion U.S. dollars, up 20%, 21% and 28.7% respectively. In addition, import and export volumes of Zhejiang province, Shandong province and Fujian province were 144.64 billion, 110.61 billion and 62.87 billion U.S. dollars, up by 23.1%, 28.5% and 26.2% respectively. The total import and export value of the seven provinces and municipalities accounted for 82.4% of total national imports and exports. In terms of export, in the first half of this year the export of Guangdong amounts to $ 250.66 billion, an increase of 28.2%. And the exports of Jiangsu and Zhejiang province were 147.49 billion and 100.48 billion U.S. dollars, up 20.4% and 22.3% respectively. In addition, the export of Shanghai, Shandong and Fujian province were 98.18 billion, 59.18 billion and 40.45 billion U.S. dollars, up by 17.7%, 26.8% and 23.9% respectively, and that of Beijing was $ 27.02 billion, up by 4%.

In terms of export commodities, in the first half of this year, China's export of Mechanical & Electrical Products amounts to 498.16 billion U.S. dollars, an increase of 19.5%, among which the export of electrical appliances and electronic products was 204.77 billion U.S. dollars, up by 21.4%, and the export of machinery and equipment is 163.24 billion U.S. dollars, up by 15.1%. Meanwhile, export of traditional commodities witnessed a steady growth, among which the export of apparel amounts to $ 65.82 billion, up by 23.7%, that of textile, $ 45.9 billion, up by 28.8%, and for the export of footwear was $ 19.01 billion, up by 21.7%.

In terms of import, over the first half this year, China had imported 330 million tons of iron ore, an increase of 8.1%, with average import price of $ 160.9 per ton, up by 42.5%. Meanwhile, import of coal was 70.49 million tons, drop by 11.8%, with average import price of $ 109.6 per ton, up by 11.9%. The import of soybean was 23.71 million tons, drop by 8.1%, with an average import price of $ 576.7 per ton, up 30.4%. In addition, imports of machinery and electronic products were 359.63 billion U.S. dollars, up by 18.9%; including 471,000 vehicles, an increase of 21.7%.

Source: finance.chinanews.com

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