Total value of imports, exports in China increases 23.6%

In October, China's total import and export value reached $188.397 billion, an increase of 23.6 percent compared with the same period last year. Exports reached $107.724 billion, an increase of 22.3 percent year over year, and imports reached $80.673 billion, up 25.5 percent year over year, the General Customs Administration of China announced.

Statistics show that from January to October, the accumulated import and export value reached $1.759 trillion, an increase of 23.5 percent compared with the same period last year. The accumulated export value reached $985.854 billion, up 26.5 percent, and the accumulated import value reached $773.475 billion, up 19.8 percent.

General Trade
The import and export values of general trade in the first 10 months of the year reached $783.1156 billion, an increase of 28.6 percent.
• Exports reached $439.238 billion, an increase of 30.8 percent.
• Imports reached $343.918 billion, an increase of 25.8 percent.

Processing Trade
The import and export values of processing trade with imported materials reached $629.996 billion, an increase of 17.3 percent.
• Exports reached $403.465 billion, an increase of 20.6 percent.
• Imports reached $226.531 billion, an increase of 11.9 percent.

Assembling Trade
The import and export values of assembling trade with imported parts reached $166.541 billion, an increase of 24.1 percent.
• Exports reached $93.826 billion, an increase of 24.8 percent.
• Imports reached $72.714 billion, an increase of 23.1 percent.

From January to October, the European Union remains the top trade partner with China. The bilateral trade value reached $287.52 billion, an increase of 27.5 percent. The United States came in second with $249.193 billion, an increase of 15.7 percent, in bilateral trade with China. Japan was third with $191.890 billion, an increase of 14 percent. The trade value with the Association of Southeast Asian Nations (ASEAN) and Hong Kong reached $163.533 billion (up 25.9 percent) and $158.545 billion (up 20.3 percent), respectively, in the first 10 months of 2007.

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