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Positive signs seen in China's foreign trade PDF Print E-mail

Tuesday, 12 May 2009

According to the release by General Administration of Customs of PRC on Tuesday, from January to April, China's total foreign trade valued at 599.41 billion USD, dropped 24.3% over the same period of last year, among which, total export valued at 337.42 billion USD, dropped 20.5%; total import valued at 261.99 billion USD, dropped 28.7%.  Accumulative trade surplus totaled 75.43 billion USD, up 32.4% over the same period of last year, and a net increase of 18.45 billion USD.


In April alone, total foriegn trade was 170.73 billion USD, down 22.8 percent year on year, among which, exports fell 22.6% from the same period a year ago to 91.94 billion USD, and imports were down 23% to 78.8 billion USD. 


Compared with March, April's total foreign trade was up 10.4%, with export up 6.9% and import up 15.1%.  When March statistics was compared with February, total export increased 32.8% and total import increased 14%.  On month to month basis, export bottomed in February, and import bottomed in January.  Overall, the trend seems very positive, even though the absolute level is still significantly low.


In April, China's three largest trading partners were still EU, U.S., and Japan in order.  With EU, total trade was 27.3 billion USD, down 24.1% from last year.  With U.S., total trade was 23.76 billion USD, down 17.1%.  With Japan, total trade was 18.45 billion USD, down 23.3%.

 
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