China's foreign trade grows 30 per cent in January
According to customs statistics, the total value of China's foreign trade hit US$157.36 billion in the first month of this year, up 30.5 per cent from the same period of last year.
Imports rose 27.5 per cent to $70.74 billion and exports increased 33 per cent to $86.62 billion, representing a trade surplus of $15.88 billion.
Processing trade increased 25.7 per cent year on year to $70.7 billion while general trade increased 33.2 per cent to $71.12 billion.
In January, the EU, the US and Japan were the top three trading partners of China with a combined trade value of US$24.46 billion, $23.43 billion and $17.51 billion respectively, while India surpassed Canada to become the 10th biggest.
Foreign trade out of Guangdong province was $44.96 billion, up 32.9 per cent from the same month last year, making up 28.6 per cent of the national total to become China's largest trading province. Jiangsu province and Shanghai municipality ranked second and third.
Mechanical and electrical products made up more than half of all exports and the growth of more traditional products in the export mix remained stable.
Imports rose 27.5 per cent to $70.74 billion and exports increased 33 per cent to $86.62 billion, representing a trade surplus of $15.88 billion.
Processing trade increased 25.7 per cent year on year to $70.7 billion while general trade increased 33.2 per cent to $71.12 billion.
In January, the EU, the US and Japan were the top three trading partners of China with a combined trade value of US$24.46 billion, $23.43 billion and $17.51 billion respectively, while India surpassed Canada to become the 10th biggest.
Foreign trade out of Guangdong province was $44.96 billion, up 32.9 per cent from the same month last year, making up 28.6 per cent of the national total to become China's largest trading province. Jiangsu province and Shanghai municipality ranked second and third.
Mechanical and electrical products made up more than half of all exports and the growth of more traditional products in the export mix remained stable.