China's foreign trade exceeds $1.4 trillion in 2005 - leatherbiz: Lead Leatherbiz

News

China's foreign trade exceeds $1.4 trillion in 2005

17/01/2006
China’s General Administration of Customs has released the statistics of China's foreign trade in 2005, indicating that foreign trade amounted to $1.42212 trillion in 2005, up 23.2% compared with that of the previous year. Exports reached $762 billion and imports $660.12 billion, up by 28.4% and 17.6% respectively.

According to the statistics, in December 2005, total imports and exports reached $139.81 billion, hitting a historical high in imports and exports in a single month and recording a 20% increase year-on-year. Exports were $75.41 billion and imports $64.4 billion, up by 18.2% and 22.2% respectively.

Bilateral trade between China and its top six trading partners exceeded $100 billion with the EU and USA breaking the $200 billion mark.

In 2005, the EU remained China’s main trading partner and bilateral trade amounted to $217.31 billion, up 22.6%. The USA was the second largest trading partner with $211.63 billion of bilateral trade, up 24.8%. Japan was the third largest with $184.45 billion, a rise of 9.9%.

Footwear exports increased 25.3% to $19.05 billion and travel goods and bags rose 17.2% to $7.31 billion.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.