| China is the world's 3rd largest trader |
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| Thursday,January 12,2006 Posted: 18:09 BJT(09 GMT) Chinadaily |
The Chinese mainland recorded US$1.4 trillion in foreign trade volume last year, helping China to remain the third largest trader in the world.
China's General Administration of Customs yesterday said its statistics showed China's imports and exports grew 23.2 per cent year-on-year to US$1.42 trillion in 2005. The volume nearly tripled that of 2001.
The country's exports stood at US$772 billion in 2005, up 28.4 per cent on the previous year; imports hit US$660.1 billion, up 17.6 per cent on the year before.
However, the country's trade surplus in 2005 tripled that of the previous year, reaching a record US$102 billion.
The European Union continued to be China's largest trade partner in 2005, with bilateral trade of US$217.3 billion, up 22.6 per cent year-on-year.
The United States was China's second largest trading partner with US$211.6 billion in bilateral trade, followed by Japan with US$184.4 billion.
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