China's Foreign Trade Rises 12.3 Percent in First Half

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Last updated at: (Beijing Time) Friday, July 12, 2002

China's Foreign Trade Rises 12.3 Percent in First Half

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For the first half of this year, China's imports and exports totaled 270.71 billion U.S. dollars, arise of 12.3 percent over the same period last year, according to sources with the general administration of China's customs in Beijing Thursday.

Statistics show exports totaled 142.06 billion U.S. dollars, a rise of 14.1 percent, while imports totaled 128.65 billion U.S. dollars, up 10.4 percent over the same period last year.

In June alone, China saw imports and exports totaling 49.12 billion U.S. dollars, an increase of 13.3 percent. Exports were 26.02 billion U.S. dollars, up 17.8 percent, and imports were 23.1 billion U.S. dollars, up 8.6 percent.

Japan, the United States and the European Union (EU) ranked as China's top three trade partners. In the first six months, Sino-Japanese bilateral trade totaled 44.78 billion U.S. dollars, up 5.6 percent. Trade between China and the EU was 38.5 billion U.S. dollars, up 4.2 percent. China's exports to the United States were29.87 billion U.S. dollars, an increase of 19.3 percent.

Exports in electrical and mechanical products continued their rapid growth. Exports totaled 68.07 billion U.S. dollars, up 24 percent, accounting for 47.9 percent of China's total exports in the first half-year.

Soybean and refined oil imports dropped considerably, while those of wood and coal surged.

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