China's Q1 foreign trade volume reaches $450 billi - footwearbiz: Lead

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China's Q1 foreign trade volume reaches $450 billion

17/04/2007
 
China’s foreign trade volume increased in excess of 23% during the first quarter of 2007 to exceed $450 billion.

According to statistics released by Chinese Customs, import and export volume hit $457.74 billion in the first three months of the year, up 23.3% over the same period in 2006. Imports rose 27.8% to $205.65 billion whilst exports increased 18.2% to reach $252.09 billion.

Bilateral trade with its main trading partners enjoyed rapid growth in the first quarter, with the EU, USA, Japan and ASEAN remaining the top four trading partners. In spite of the anti-dumping duties imposed by the EU on Chinese footwear, Sino-EU bilateral trade improved 31.3% to reach $75.39 billion, whilst Sino-Indian trade increased by a significant 58.5% to total $8.22 billion.




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