China's total imports and exports in January and February amounted to 365.93 billion USD: 23% more than the same period last year, according to statistics from China Customs.
Of the total, exports account for 196.99 billion USD with a growth of 16.8%. The growth rate is 24.7% less than the same period last year. Imports account for 168.94 billion USD with a growth of 30.9%. The growth rate is 10.3% faster than the same period last year. The total trade surplus has decreased by 29.2% to 28.05 billion USD. In February, the trade surplus fell to 8.56 billion USD – 15.2 billion USD less than the same period last year.
The statistics from China Customs shows that China's imports are increasing rapidly this year, especially those of state-run enterprises. In the first two months of this year, total imports and exports of foreign-funded enterprises was 204.52 billion USD, growing by 18.8%; while total imports and exports of state-run enterprises reached 89.05 billion USD, growing by 28.7%. The growth rate is 6.5% more than the same period last year.
In the first two months, the European Union was China's largest trade partner with the amount of bilateral trade totaling 61.16 billion USD, growing by 19.9%; the USA was its second largest trade partner with a total of 47.76 billion USD in bilateral trade, growing by 9%; and Japan was the third largest, with a total of 38.48 billion USD in bilateral trade, growing by 15.1%.
By People's Daily Online
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