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China records USD297.9 billion foreign trade values in October

December 06/2011

(adsalecprj) -- According to latest statistics from China Customs, in October, exports continued to slow down while imports were on the rise. The country"s total foreign trade value was USD297.9 billion in the month, up by 21.6% year on year.

Statistics also showed that although exports increased by 15.9% compared with the same month of last year, their growth rate was down by 1.2% from September. Meanwhile, imports recorded an increase of 28.7% year on year, up by 7.8% compared with September. After seasonal adjustment, in October exports and imports were down by 7.2% and 9.5% month on month respectively. A USD17 billion foreign trade surplus was recorded in the month, up by USD2.5 billion than September.

By category, most textile and light industrial products experienced slowdown in export growth. In October, export values of furniture, plastics products and light fixtures increased by 13%, 25.9% and 12.1% year on year respectively. These figures were down by 0.6%, 2.1% and 2.1% compared with September respectively.

In the month, export values of toys and garments increased by 5.3% and 6% year on year, while down by 1.6% and 7.9% month on month respectively.

Exports of shoes and bags also increased by 6.1% and 30.9% increase in value, yet both numbers happened to be 4.5% and 1.6% lower than in September respectively.

Meanwhile, export values of machinery & electronics products as well as hi tech products were recorded at USD93.2 billion and USD48.4 billion respectively, an increase of 12.6% and 6.1% year on year respectively. However, the numbers were down 0.6% and 0.2% than in September. Only textile products have experienced growth in both categories, up 18.4% year on year and 1.8% month on month.

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