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China's Exports Increase to Top 10 Trading Partners
China's exports to its top 10 trading partners during the first seven months of the year all increased from 29 percent to 73 percent.
Figures released by the General Administration of Customs Wednesday show that China's total exports from January to July reached 136 billion U.S. dollars, up 35.8 percent from the same period last year. The exports in July alone grew 24.1 percent to 41 billion U.S. dollars.
The U.S. remains China's biggest importer, buying 28.24 billion U.S. dollars worth of goods from China, up 29 percent. Hong Kong follows second, buying 24.64 billion U.S. dollars worth of goods from the mainland, up 31.9 percent.
Japan is the third largest importer of Chinese goods. It bought 22.06 billion U.S. dollars of Chinese goods, up 33.3 percent, and the European Union bought 21.33 billion U.S. dollars of Chinese goods, up 35.8 percent, making it the fourth largest importer of Chinese goods.
Exports to the U.S., Hong Kong, Japan and the EU add up to 96.27 billion U.S. dollars, accounting for 71 percent of all China's exports.
China's exports to members of the Association of Southeast Asian Nations reached 9.43 billion U.S. dollars, up 49.1 percent. Exports to the Republic of Korea were up 58.2 percent, Taiwan up 34.1 percent, Australia 34.5 percent, Canada 39.1 percent and to Russia 73.1 percent.
Analysts said the increase of exports to all of China's top 10 partners was because of a lower benchmark in the same period last year. In the months to come, the increase may slow down a little bit as the benchmark rose since July last year.
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