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Last updated at: (Beijing Time) Friday, December 13, 2002

China's Foreign Trade Grows 21 Percent from Jan.-Nov.

China's foreign trade volume grew in the first 11 months this year to 560.18 billion US dollars, up 21 percent from the same period last year, the General Administration of Customs (GAC) said Thursday in Beijing.


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China's foreign trade volume grew in the first 11 months this year to 560.18 billion US dollars, up 21 percent from the same period last year, the General Administration of Customs (GAC) said Thursday in Beijing.

GAC figures show that exports from January to November rose 21.6 percent to 293.69 billion US dollars and import grew 20.5 percent to 266.49 billion US dollars, leaving a trade surplus of 27.2 billion US dollars.

In November, the trade volume reached 59.95 billion US dollars, up 33.7 percent year-on-year. Of the total, export was valued at 31.21 billion US dollars, up 30 percent, while import reached 28.74 billion US dollars, a rise of 37.9 percent.

In the first 11 months, primary product exports increased by 20.4 percent to 122.48 billion US dollars, while primary products imports grew 12.7 percent to 116.34 billion US dollars. The primary product trade stood at 238.82 billion US dollars, up 16.5 percent.

The period also witnessed a stable rise in the volume of processing trade. Statistics show that the exports and imports of foreign-funded firms soared and foreign trade of state-owned enterprises began to grow at a faster speed.

China's exports of machinery and electronic products as well as traditional staple goods grew rapidly, indicate the GAC statistics,and imports of raw products went up at a faster rate.


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