Trade With Top 10 Partners on the Rise

China's foreign trade with its top 10 trading partners maintained significant growth in 2000, with bilateral trade volume totaling US$408.5 billion, making up 86 percent of the country's total foreign trade value.

Japan remained to be China's number one trade partner with Sino-Japanese trade volume reaching US$83.17 billion, according to latest statistics released by the General Administration of Customs.

As Japan's economy underwent major recovery in 2000, China's exports to Japan topped US$41.65 billion, up 28.5 percent.

Meanwhile, last year also saw a 22.9 percent increase in China's imports from Japan by US$41.51 billion.

China's trade with the United States, its second-largest trade partner, reported US$74.47 billion, up 21.2 percent.

Meanwhile, exports to and imports from the US reached US$52.1 billion and US$22.36 billion respectively, representing growths of 24.2 percent and 14.8 percent.

China's trade with the European Union increased by 24 percent to reach US$69.04 billion, as the EU's regional economy continued to improve. Exports and imports therein were US$38.19 billion and US$30.85 billion respectively, up 26.4 percent and 21.2 percent.

Meanwhile, members of the Association of the Southeast Asian Nations (ASEAN), the Republic of Korea (ROK) and Russia have all sped up economic development. As a result, China's exports to these partners reached US$17.34 billion, US$11.29 billion and US$2.23 billion respectively.

Experts here attribute the growth in China's foreign trade mainly to the sustained development of the world's economy and trade, a sound international economic environment and stable development of China's national economy.

( 01/12/2001)

In This Series

Foreign Trade Hit Record High in 2000

Foreign Trade Exceeds US$400 Billion in 11 Months

Exports Predicted to Increase 23 Percent This Year



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