12.5% and 9.8% Growth in Actual Exports and Imports in the First Seven Months of

08:16:03 a.m. September 23, 2008    General Administration of Customs

According to Customs statistics, China has an export value of USD 802.91 billion and an import value of USD 679.2 billion respectively in the first seven months of the year, registering an increase of 22.6% and 31.1% respectively. The export price increases by 9.6% generally and the export quantity increases by 12.5% having considered the influence of price factor. The import price increases by 19.5% generally and the import quantity increases by 9.8% having considered the influence of price factor.

In terms of trade mode, price and quantity of exports through general trade increase by 15.5% and 9.9% respectively; price and quantity of exports through processing trade increase by 7.9% and 8.8% respectively; price and quantity of imports through general trade increase substantially by 36.4% and 13.7% respectively; price and quantity of imports through processing trade have an increase of 15.3% and decrease of 1.6% respectively.

In terms of commodity composition, prime product price and quantity of exports increase by 28.2% and 5.2% respectively; mechanicals price and quantity of exports increase by 9.1% and 12.5% respectively; prime product price and quantity of imports increase by 49.9% and 13.9% respectively; mechanicals price and quantity of imports increase by 9.1% and 8.3% respectively.

In terms of industry, export price and quantity of agricultural, forestry, pasturage and fishery products increase by 17.8% and decrease by 11.7% respectively; export price and quantity of mining products increase by 40.1% and 5.4% respectively; export price and quantity of manufactured products increase by 9% and 12% respectively; export price and quantity of textile products increase by 9.1% and 15.4% respectively; export price and quantity of garments, shoes and hats increase by 5.8% and 4.3% respectively.

In terms of main export destinations, the export prince and quantity to the EU increase by 11.1% and 15.2% respectively; the export prince and quantity to the US increase by 9.1% and 1.2% respectively; the export prince and quantity to Japan increase by 13.7% and 2.4% respectively