China’s foreign trade up 14 percent

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(APTN)

China’s foreign trade increased steadily in the first four months of 2013, rising 14 percent from a year earlier, the General Administration of Customs (GAC) said on Wednesday.

According to the GAC statistics, the exports and imports registered 8.36 trillion yuan in total from January to April, up 10.6 percent, with exports up 17.4 percent year-on-year. The trade surplus reached 383.46 billion yuan.

The foreign trade of Beijing, Shanghai and other five provinces in east and south China accounted for 80.5 percent of the country’s total, a year-on-year fall of 0.2 percentage points.

The central and western regions of the country experienced a fast export growth in the four months. The growth rates of exports in Anhui, Jiangxi, Sichuan and Chongqing were 79.8 percent, 52.3 percent, 34.2 percent and 17.6 percent, respectively.

Private businesses have seen the fastest growth so far this year. The private businesses registered a total foreign trade volume of 433.6 billion U.S. dollars, an increase of 51.7 percent year-on-year.

The European Union has become China’s largest trading partner, the third largest export market and the largest import source.

According to the GAC, the growth of trade with traditional developed markets, including Europe, USA and Japan, slowed down in the first four mouths by 4.3 percentage points.

our months have seen a faster trade growth with new and emerging markets in the ASEAN members and Africa. The trade with them increased by 18.1 percent and 19.5 percent in the two regions, respectively.

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