Foreign trade nears US$2 trln in first 11 months

Updated: 2007-12-11 15:04

BEIJING -- China's total foreign trade was 1.97 trillion US dollars during the first 11 months of this year, up 23.6 percent from a year earlier.

The amount surpassed that for all of last year, and the growth rate was 0.1 percentage points higher than the January-October period, the General Administration of Customs said on Tuesday.

The total included 1.1 trillion US dollars in exports, up 26.1 percent, and 865.5 billion US dollars in imports, up 20.5 percent.

Export growth was 0.4 percentage point less than the January-October period, while import growth was 0.6 percentage point higher.

The trade surplus for the 11 months was 238.13 billion US dollars, up 52.2 percent. The growth rate was 6.8 percentage points lower than the level for the first 10 months.

In November alone, foreign trade went up 23.9 percent year-on-year to 208.96 billion US dollars, including 117.62 billion US dollars in exports, up 22.8 percent, and 91.34 billion US dollars in imports, up 25.3 percent.

Monthly imports exceeded 90 billion US dollars for the first time.

November export growth was 0.5 percentage point higher than the October level, whereas import growth was 0.2 percentage point lower.

The trade surplus stood at 26.28 billion US dollars in November, up 14.7 percent as against growth of 13.5 percent for October when the surplus was a record high of 27.05 billion US dollars. Last year, China's trade surplus was 177.5 billion US dollars.

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