China's export value in the first seven months increased by 24.4%, textiles increased by 27.5%

The General Administration of Customs of the People's Republic of China announced on the 10th the import and export of Chinese foreign trade from January to July 2011.

According to customs statistics, in the first 7 months, the total value of China's foreign trade imports and exports was US$2.0225.5 billion, an increase of 25.1% over the same period in 2010 (the same below). Among them, exports were 1,049.38 billion U.S. dollars, an increase of 23.4%; imports were 979.17 billion U.S. dollars, an increase of 26.9%. The trade surplus was 76.21 billion U.S. dollars, a decrease of 8.7%.

Statistics show that in July, the total value of imports and exports in mainland China was US$ 318.77 billion, an increase of 21.5%. Among them, exports reached US$175.13 billion, an increase of 20.4%. The monthly export volume has set a new record of US$161.97 billion, which was just set last month. Imports reached US$143.64 billion, an increase of 22.9%.

Among export commodities, China's exports of mechanical and electrical products in the first seven months amounted to US$595.15 billion, an increase of 18.9%, which accounted for 56.7% of China’s total exports during the same period.

The export of electrical and electronic products was 243.6 billion U.S. dollars, up 20.3%; the export of machinery and equipment was 1,956.4 billion U.S. dollars, up 15.3%.

The export of traditional bulk commodities has grown steadily, with apparel exports reaching USD 83.12 billion, up 24.4%; textile exports at USD 54.6 billion, up 27.5%; and footwear exports at USD 23.49 billion, up 20.9%.

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