Trade reveals declining trend

Source: Xinhua | May 12, 2009, Tuesday |

Print Edition

CHINA'S trade with the United States, the European Union and Japan, its three major trade partners, continued to decline in the first quarter, the General Administration of Customs said in a report yesterday.

The bilateral trade volume between China and the US dropped to US$62.08 billion in the first quarter, down 15.7 percent year on year.

The export volume to the US fell to US$25.52 billion, a drop of 14.9 percent from the previous year.

China's trade surplus against the US shrank to US$28.96 billion in the first three months, down 13 percent year on year.

The bilateral trade volume between China and the EU slumped to US$75.19 billion, down 19.8 percent year on year.

The exports to the EU fell to US$17.21 billion, a slump of 20.2 percent year on year.

The country's trade volume with Japan sank to US$46.07 billion, a drastic year-on-year decrease of 23.8 percent.

Germany, the Netherlands and the United Kingdom ranked the top three among China's European trade partners, with bilateral trade volume at US$21.63 billion, US$8.07 billion and US$7.7 billion, respectively.

Economy

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Trade reveals declining trend

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