The newly-enlarged European Union has overtaken Japan as China's
biggest trade partner during the first five months of this year,
the Chinese General Administration of Customs said Friday.
But Japan remains China's biggest source of imports and the United
States the country's No.1 overseas market, according to the figures
released Friday by the administration.
Two-way trade with the EU reached US$65.72 billion during the
period, up 35.9 percent year-on-year, according to Customs figures.
The figure represents 15.5 percent of the country's overall foreign
trade volume of US$423.84 billion for the five months.
Trade between China and Japan totaled US$64.1 billion during the
five months, up 27.2 percent. Japan remains China's biggest source
of imports.
The United States, which is still the biggest overseas market for
China, follows Japan as China's third biggest trade partner with
bilateral trade standing at US$62.36 billion, up 34.4percent.
China's trade with the Republic of Korea, Canada and Australia,
also major trade partners with China, grew by 48.4 percent, 47.6
percent and 46.8 percent, respectively, the Customs figures
show.
(Xinhua News Agency June 11, 2004)
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