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Sep12
China’s International Trade Keeps Growing
According to Xinhua, China’s imports and exports reached US$1.1046 trillion for the first eight months, up 23.9% from last year. Of the total, the exports went up by 25.9% to US$599.63 billion while the imports also increased by 21.6% to US$504.98 billion.

The largest trading partner of China is the European Union. China-EU trade reached US$168.96 billion, up 22.5% over the same period from last year.

The trade between China and the United States came up next with a trade volume of US$166.59 billion, increased by 24.7%.

The third trading partner of China is Japan, as the registered trade volume reached US$131.33 billion, grown by 11.8%.

Now let’s calculate how much the Chinese trade surplus is:

$599.63 billion – $504.98 billion = $94.65 billion

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