China's Import and Export Value Drops 17.7 percent Year Over Year in June

In June 2009, the import and export value in China reached $182.57 billion, a drop of 17.7 percent year over year, or an increase of 11.2 percent over the previous month when the export value reached $95.41 billion, a drop of 21.4 percent year over year and an increase of 7.5 percent over the previous month. According to Industrial Info Resources (Sugar Land, TX), the import value reached $87.16 billion, a drop of 13.2 percent year over year or an increase of 15.6 percent over the previous month; and the surplus in trade reached $8.249 billion, the General Customs Administration of China (GCAC) announced on July 10, 2009.

From January to June 2009, the import and export value in China reached $946.12 billion, a drop of 23.5 percent year over year. The export value reached $521.53 billion, a drop of 21.8 percent. The import value reached $424.59 billion, a drop of 25.4 percent year over year. The accumulative surplus in trade reached $96.94 billion, a drop of 1.3 percent year over year.

From January to June 2009, European Union remained the largest trade partner with China. Bilateral trade value reached $159.97 billion, a drop of 20.9 percent year over year. The trade value with the United States reached $132.09 billion, a drop of 16.6 percent year over year. The bilateral trade value with Japan reached $99.73 billion, a drop of 23.1 percent year over year. Trade value with ASEAN reached $88.06 billion, a drop of 23.8 percent year over year.

From January to June 2009, the import of primary products reached $116.77 billion, a drop of 37.1 percent year over year. The import of iron ore reached 300 million metric tons, an increase of 29.3 percent year over year, and the average price reached $76.2 per ton, a drop of 44.6 percent. Imports of crude oil reached 90.77 million metric tons, a slight increase of 0.3 percent year over year, and the average price reached $344.9 per ton, a drop of 52.1 percent. In the same period, the import of industrial products reached $307.82 billion, a drop of 19.7 percent year over year. The import of mechanical and electrical products reached $208.23 billion, a drop of 21.4 percent year over year; the import of chemical and related products reached $49.32 billion, a drop of 19.2 percent year over year.

The export of garments and accessories reached $45.86 billion, a drop of 8.5 percent year over year. Exports of shoes, furniture, and plastic products reached $12.91 billion, $11.76 billion and $6.57 billion, a drop of 4.3 percent, 9.8 percent and 7.1 percent year over year respectively. Exports of mechanical and electrical products reached $306.67 billion, a drop of 21.2 percent year over year.