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Data Watch on China’s Foreign Trade and Investment in the First Five Months of 2012
Data Watch on China?s Foreign Trade and Investment in the First Five Months of 2012
China?s foreign trade in the first five months of 2012
According to statistics of the Customs, China?s exports and imports in the first five months of 2012 reached$1.51089 trillion, up by 7.7% over the same period of last year. Specifically, exports stood at $774.4 billion, up by 8.7% year on year; imports $736.49billion, up by 6.7%. The five months saw a trade surplus of $37.91 billion. The total export and import value of May reached to $343.58 billion with an increase of 14.1%, which broke the record of $334.11 billion last November.
Significant increase in trade with emerging markets; obvious resurgence in trade with the United States. From January to May of the year, China?s bilateral trade with Russia and Brazil reported 24.4% and 10.9% increases over the same period of last year. The nation?s bilateral trade with ASEAN increased by 9.2%; that with the United States up by 12%; and that with the Europe and Japan up by 1.3% and 0.4% respectively.
Significant increase in exports of central and western China; rising increase in exports of eastern China. During the last five months, exports of Western, Central and Eastern China increased by 56.3%, 25.1% and 5.2% respectively. Exports of Chongqing City and Henan Province expanded by 2.3 times and 1.1 times. Exports of Sichuan, Jiangxi and Guangxi Provinces increased by 78.7%, 57.2% and 22.7% respectively. Fujian Province exports increased by 9.3%.
Rising increase in exports of mechanical and electrical products; slmat beoon a rt d-hi yns t e ionnf c strihev ee a syg eeoa oir nd, sC e. h xInp in otahr e tes x f ip ors o ft r tfthi e vede$447.88 billion worth of mechanical and electrical products, 9.9% higher than that of last year, 1.2 percentage points higher than the increase rate of the nation?s total exports, accounting for 57.8% of the total exports value. In specific, the country exported $179.46 billion worth o
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