SteelOrbis Shanghai
According to the latest statistics from the General Administration of Customs,
China's foreign trade topped $1.7607 trillion in 2006, up $338.8 billion or 23.8 percent year on year. In addition,
China's 2006 global trade surplus reached $177.5 billion, eight times the figure recorded in 2001 when
China became a WTO member.
China's combined figure for imports and exports in December 2006 amounted to $167.2 billion, up 19.6 percent year on year. Exports jumped 24.8 percent to $94.1 billion, while imports increased 13.5 percent to $73.1 billion. The result was a trade surplus of $21 billion for the month, down $2.4 billion from November.
In 2006,
China's exports rose 27.2 percent year on year to $969.1 billion, 1.2 percentage points down in growth. Meanwhile, imports rose 20 percent to $791.6 billion, 2.4 percentage points up in growth.
The statistics also indicate the fast development of bilateral trade between
China and its major
trading partners in 2006.
China's
trading volumes with its three largest
trading partners (EU, US, and
Japan) all exceeded $200 billion last year.