In The First 11 Months, The Total Value Of Sino US Trade Increased By 6.9%, And The Trade Surplus With The United States Reached 2 Trillion Yuan

On December 7, the General Administration of Customs announced that in the first 11 months, China's imports and exports to ASEAN, the EU, the United States, Japan and South Korea increased. Among them, the total value of Sino US trade increased by 6.9%, and the trade surplus with the United States reached 2 trillion yuan.

In the first 11 months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 4.24 trillion yuan, an increase of 6.7%, accounting for 14.6% of China's total foreign trade. Among them, exports to ASEAN reached 2.37 trillion yuan, an increase of 7%; imports from ASEAN reached 1.87 trillion yuan, an increase of 6.3%; and the trade surplus with ASEAN was 500.38 billion yuan, an increase of 9.7%.

The EU is China's second largest trading partner, with a total trade value of 4.05 trillion yuan, an increase of 4.7%, accounting for 13.9% of China's total foreign trade. Among them, exports to the EU reached 2.45 trillion yuan, an increase of 7%; imports from the EU reached 1.6 trillion yuan, an increase of 1.3%; and the trade surplus with the EU was 840.19 billion yuan, an increase of 19.9%.

The United States is China's third largest trading partner, with a total trade value of 3.65 trillion yuan, an increase of 6.9%, accounting for 12.6% of China's total foreign trade. Among them, exports to the United States were 2.82 trillion yuan, an increase of 6.9%; imports from the United States were 823.32 billion yuan, an increase of 7.2%; and the trade surplus with the United States was 2 trillion yuan, an increase of 6.8%.

Japan is China's fourth largest trading partner, with a total trade value of 2 trillion yuan, an increase of 1.4%, accounting for 6.9% of China's total foreign trade. Among them, the export to Japan was 900.43 billion yuan, which was basically the same as the same period last year; the import from Japan was 1.1 trillion yuan, an increase of 2.6%; and the trade deficit with Japan was 19.06 billion yuan, an increase of 16.5%.

South Korea is China's fifth largest trading partner, with a total trade value of 1.8 trillion yuan, an increase of 0.9%, accounting for 6.2% of China's total foreign trade. Among them, exports to South Korea totaled 705.33 billion yuan, an increase of 1.6%; imports from South Korea amounted to 1.1 trillion yuan, an increase of 0.4%; and the trade deficit with South Korea was 390.19 billion yuan, a decrease of 1.7%.