China's trade crosses $4 trillion in 2013, exports up 7.9%

Written by PTI | Beijing | Updated: Jan 11 2014, 01:30am hrs
ChinaChina's trade surplus widened to $ 259.75 bn in 2013, a rise of 12.8 per cent from a year earlier. Reuters
China's annual trade exceeded the USD 4 trillion mark for the first time last year as exports rose 7.9 per cent to USD 2.21 trillion on higher shipment of goods to the European Union and the US, its main markets.

Imports increased 7.3 per cent to USD 1.95 trillion and China's trade surplus widened to USD 259.75 billion in 2013, a rise of 12.8 per cent from a year earlier, Zheng Yuesheng, spokesman for the General Administration of Customs, told the media here today.

The combined value of China's exports and imports last year reached USD 4.16 trillion, an increase of 7.6 per cent.

In December, China's foreign trade value hit a new high of USD 389.8 billion, up 6.2 per cent from a year earlier.

China's trade increased amid signs of revival in the EU and the US, the main markets for the world's second-largest economy.

Trade with the EU, China's biggest overseas market, edged up 2.1 per cent year on year to USD 559.1 billion in 2013, with exports of USD 339 billion and imports of USD 220.1 billion from the region.

China's exports to the US, its second-biggest trade partner, amounted to USD 368.4 billion, while imports from the country stood at USD 152.6 billion. Trade with the US rose 7.5 per cent to USD 521 billion.

Trade with the Association of Southeast Asian Nations, China's third-largest trading partner, rose 10.9 per cent to USD 443.6 billion, while with Japan, it contracted 5.1 per cent to USD 312.55 billion.