China's Trade Surplus Tops $90 Billion Through November

China's exports pushed the trade surplus to a record US$ 90.8 billion in the first 11 months of the year, up 332% over the same period last year, official statistics showed Dec. 12. Last year China's trade surplus was $32 billion.

Exports totaled $686.54 billion, up 29.7%, in the 11 months of 2005, while imports came to $595.73 billion, up 17.1% year on year, the Ministry of Commerce said.

China's foreign trade volume was up by 23.5% year-on-year to $1,282 billion during the period. November's trade volume reached $133.74 billion, the highest single monthly trade volume this year.

The EU continued to be China's largest trade partner in the first 11 months of this year, with bilateral trade volume topping $196.7 billion, up 23.6% year-on-year. The U.S. and Japan were China's second and third largest trade partners respectively. During the January-November period, the trade volume between China and the U.S. reached $191.55 billion, up 25.4% year-on-year, while that between China and Japan totaled $166.97 billion, up 10.2%.

Copyright Agence France-Presse, 2005

TAGS: Trade
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