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Data Watch on China’s Foreign Trade and Investment in the First Eight Months of 2012
Data Watch on China?s Foreign Trade and Investment in the First Eight Months of 2012
China?s foreign trade in the first eight months of 2012
According to statistics of the Customs, China?s exports and imports in the first eight months of 2012 reached$2.49762 trillion, up by 6.2% over the same period of last year. Specifically, exports stood at $1.30911 trillion, up by 7.1% year on year; imports $1.18851 trillion, up by 5.1%. The eight months saw a trade surplus of $120.6 billion, increasing by 31.8%. Five obvious features are as follows:
Steady increase in trade with emerging markets.
From January to August of the year, China?s trade with ASEAN reported 7.7% increase over the same period of last year, 14.9% increase with Russia, 6.3% increase with Brazil, and 9.6% increase with the United States. While the trade with the EU and Japan decreases 1.9% and 1.4% respectively.
Continuing increase in exports of Central and Western China.
During the first eight months of 2012, the exports in Chongqing Province are 1.7 times more than the same period of last year. The exports in Henan, Sichuan and Jiangxi Provinces rose by 63.4%, 47.8% and 43.3% respectively, and that of Guangdong Province was 5.8%. The increasing rates of Jiangsu, Zhejiang, Fujian and Beijing were 2.2%, 2.5%, 6.3% and 2.9% respectively, which were all lower than the national increasing rate in the same period.
Steady increase of the expansion rate of exports and imports under the general trade.
From January to August of this year, China?s general trade value was$1.32075 trillion, up by 6.2% year on year, in which exports value increased by 7.7% to $638.17 billion, while imports value increased by 4.9% to $682.58 billion. The total value of processing trade was $865.71 billion, up by 2.3%, in which the exports value rose by 3.5% to$556.64 billion, while the imports value increased 0.4% to $309.07 billion.
Steady increase in exports of mechanical and electrical products.
In the fi
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