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| China Customs Tips No.2 |
| Wednesday, 28 January 2009 |
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The recent China Customs Tips newsletter reported that it was decided that in 2008, China's foreign trade import and export value reaches US$2561.63 billion, 17.8% more than the same period last year.
The export value reaches US$1428.55 billion, increasing 17.2%. And the import value reaches US$1133.08 billion, increasing 18.5%. The total trade surplus is US$295.47 billion. During 2008, the customs tariff turned into the State Treasury is 916.11 billion, increasing 20.8%, which hits record high. The import and export value of general trade reaches US$1235.26 billion, increasing 27.6%. Meanwhile, the import and export value of processing trade reaches US$1053.59 billion, increasing 6.8%. The import and export value of foreign investment enterprises reaches US$1410.58 billion, increasing 12.4%. Meanwhile, the import and export value of state-owned enterprises reaches US$611.04 billion, increasing 23.5%. Besides, the import and export value of collectively-owned, privately-run and the other enterprises reaches US$540.02 billion, increasing 27.3%. Europe, America and Japan are still the biggest three trade partners of China. Guangdong, Jiangsu and Shanghai still keep the top 3 on the foreign trade value. With stable increase in import, mechanical and electrical products also lead in export; some traditional bulk commodities' export slow down; the import of primary products increases sharply. |
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