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Data Watch on China’s Foreign Trade and Investment in the First Seven Months of 2012
Data Watch on China?s Foreign Trade and Investment in the First Seven Months of 2012
China?s foreign trade in the first seven months of 2012
According to statistics of the Customs, China?s exports and imports in the first seven months of 2012 reached $2.16837 trillion, up by 7.1% over the same period of last year. Specifically, exports stood at $1.13124 trillion, up by 7.8% year on year; imports $1.03713 trillion, up by 6.4%. The seven months saw a trade surplus of $94.11 billion.
Significant increase in trade with emerging markets. From January to July of the year, China?s trade with South Africa reported 40.9% increase over the same period of last year, 17.7% increase with Russia, 10.3% increase with Brazil, 9% increase with the ASEAN, 10.5% increase with the United States, 0.9% decrease with Europe and 0.2% decrease with Japan.
Continuing increase in exports of Central and Western China. During the first seven months of 2012, the exports of Western, Central and Eastern China increased by 55.0%, 34.3% and 4.4% respectively. The exports in Chongqing Province doubled this year. The exports in Henan, Sichuan and Jiangxi Provinces rose by 75.5%, 56.9% and 51.3% respectively. The increasing rate of exports was 6.2% in Guangdong, 2.7% in Jiangsu, 3.4% in Zhejiang and 0.6% in Shanghai, all of which were lower than the national increasing rate at the same period.
Steady increase rate of exports and imports under the general trade. From January to July of this year, China?s general trade value was $1.14962 trillion, up by 7.7% year on year, in which exports value increased by 8.7% to $549.82 billion, while imports value increased by 6.9% to $599.8 billion. The total value of processing trade was $753.21 billion, up by 3.1%, in which the exports value rose by 4.4% to $485.67 billion, while the imports value only increased 0.6% to $267.54 billion.
Significant increase in exports of mechanical, electrical and light industrial products. In the first seven mont
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