China-ASEAN trade sees 25 percent bump in first half of 2011

10:57, July 18, 2011      

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In the first half of 2011, the aggregate bilateral trade volume between China and ASEN totaled 171.1 billion U.S. dollars, which was a year-on-year increase of 25.4 percent, according to statistics recently released by China Customs.

China's export volume totaled 80 billion U.S. dollars and imports totaled 91 billion U.S. dollars, with an increase of 24 percent and 26.6 percent, respectively, which means there was a 10.9 billion trade deficit.

Among ASEAN countries, bilateral trade between China and Indonesia increased by 41 percent while trade with Vietnam grew 40.9 percent. In contrast, trade between China and Philippines as well as China and Singapore saw relatively sluggish growth of 11.2 percent and 14.2 percent, respectively.

Compared with other ASEAN countries, the trade gap between China and Malaysia is the greatest, with a deficit of 17.2 billion U.S. dollars.

By People's Daily Online
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