China's Trade with EU Declined 3.7% in 2012-Shanghai Metals Market

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China's Trade with EU Declined 3.7% in 2012

Industry News 09:45:02AM Jan 11, 2013 Source:SMM

Jan.11 - China's trade with the debt-troubled European Union dropped 3.7 percent year-on-year in 2012 to $546.04 billion, accounting for 14.1 percent of China's total foreign trade in 2012, which grew 6.2 percent year-on-year, Zheng Yuesheng, spokesman of the General Administration of Customs said at a news briefing on Thursday.

China's exports to the EU reached $333.99 billion in 2012, down 6.2 percent year-on-year, while China's imports from the EU edged up 0.4 percent year-on-year to $212.05 billion.

China's trade surplus with the bloc contracted 15.8 percent year-on-year to $121.94 billion, customs said.

The EU remained China's biggest trade partner and the biggest import source in 2012, while the United States replaced the EU as China's biggest export destination.

China's Trade with EU Declined 3.7% in 2012

Industry News 09:45:02AM Jan 11, 2013 Source:SMM

Jan.11 - China's trade with the debt-troubled European Union dropped 3.7 percent year-on-year in 2012 to $546.04 billion, accounting for 14.1 percent of China's total foreign trade in 2012, which grew 6.2 percent year-on-year, Zheng Yuesheng, spokesman of the General Administration of Customs said at a news briefing on Thursday.

China's exports to the EU reached $333.99 billion in 2012, down 6.2 percent year-on-year, while China's imports from the EU edged up 0.4 percent year-on-year to $212.05 billion.

China's trade surplus with the bloc contracted 15.8 percent year-on-year to $121.94 billion, customs said.

The EU remained China's biggest trade partner and the biggest import source in 2012, while the United States replaced the EU as China's biggest export destination.