China's trade surplus of new and high-tech products totaled US$17.59 billion in the first 11 months of this year, and is expected to exceed US$20 billion for the whole year, the Ministry of Commerce announced on Wednesday.

 

Figures showed China's high-tech product export to major trade partners grew rapidly this year. In the first 10 months, China exported new and high-tech products worth US$41.49 billion, US$38.85 billion and US$38.66 billion to the United States, the European Union and Hong Kong, up 32.5 percent, 37.4 percent and 36.6 percent year on year respectively.

 

China's imports and exports of new and high-tech products totaled US$371.69 billion in the first 11 months, up 26.9 percent year-on-year, the Ministry of Commerce said.

 

China imported US$177.05 billion worth of high-tech and new products in the January-November period, up 21.3 percent. The export of high-tech products surged 32.5 percent to reach US$194.64 billion, accounting for 28.4 percent of China's total export.

 

China's export of integrated circuits, cell phones and computers grew 33.7 percent to US$108.36 billion, accounting for 55.7 percent of China's high-tech export.

 

(Xinhua News Agency December 29, 2005)