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China exports rose 6.1% in 2014
January 13, 2015, 5:13 am

File photo: Cargo trucks are loaded with import goods at the Port of Lianyungang, east China's Jiangsu Province [Xinhua]

File photo: Cargo trucks are loaded with import goods at the Port of Lianyungang, east China’s Jiangsu Province [Xinhua]

China’s exports rose 6.1 per cent year on year in 2014, while imports increased 0.4 per cent, official data showed on Tuesday.

In 2014, the country’s total export and import values increased 3.4 per cent year on year, said Zheng Yuesheng, spokesman for the General Administration of Customs.

In December of 2014, China’s foreign trade value hit 2.49 trillion yuan, an increase of 4.2 per cent from a year earlier. Exports rose 9.7 per cent in December from a year earlier.

Trade with the European Union (EU), edged up 8.9 per cent year on year to 3.78 trillion yuan in 2014, while trade with the United States, China’s second-biggest trade partner, rose 5.4 per cent year on year to 3.41 trillion yuan in 2014.

The EU was the biggest trading partner as China bought more goods from Europe than the US.

China’s trade with the Association of Southeast Asian Nations, its third-largest trading partner, rose 7.1 per cent year on year to 2.95 trillion yuan.

Its trade with Japan meanwhile contracted 1 per cent year on year, to 1.92 trillion yuan.

 

Source: Agencies

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