China`s foreign trade expected to top $2.1 trillion
19 May 2007
Mumbai: China''s foreign trade is expected to touch $2.1 trillion in 2007, registering a growth of 23.6 per cent over the year-earlier level of $1.76 trillion, according to the ministry of commerce.
In 2006, China''s foreign trade stood at $1.76 trillion, up 23.6 per cent year-on-year, ranking third in the world.
China, ranking third in world trade, saw its external trade grow rapidly since the beginning of the year, the report says.
Foreign sales of machinery, electronics, textiles and clothing and footwear posted sustained growth.
Trade with major partners, including the EU, the US and Japan, has increased continuously.
China
realised $457.7 billion in foreign trade in the first
quarter of this
year, up 23.2 per cent from a year earlier. The trade
surplus soared 99.4 per cent to $46.4 billion. The report
believes the overall environment is still favourable
for China''s foreign trade.
