According to statistics by China Customs, the
total value of China's import and export reached USD 620.79
billion in 2002, which was an increase of 21.8% over the
previous year. The value of export was USD 325.57 billion,
which meant an increase of 22.3% over the year 2001. And
import value was USD 295.22 billion and also rising
21.2%.
The total
value of general trade import and export was USD 265.33
billion in 2002, which accounted for 42.7% of the total
import and export worth of the year and also an increase of
17.7% over the previous year. In a breakdown, general trade
export stood at USD 136.21 billion, accounting for 41.8% of
the year's total export and rising up 21.7%; import was USD
129.12 billion, which meant 43.8% of the total import and a
proper increase of 13.8%.
With the inflow of large quantities of foreign
investment, many multinational corporations (MNC)
transferred their production lines into China, which
resulted in the high-speed increase of processing trade
import and export. In 2002, the import and export value of
processing trade totaled USD 302.17 billion, which accounted
for 48.8% of the total import and export worth of the year
and also an increase of 25.2% over the previous year. In a
breakdown, the export stood at USD 179.94 billion,
accounting for 55.3% of the year's total export and rising
up 22% from the previous year; import was USD 122.23
billion, which meant 41.4% of the total import and an
increase of 30.1%.
In
2002, the foreign-invested enterprises as the main body of
processing trade were developing very quickly. The value of
their import and export totaled USD 330.22 billion, which
was 27.5% higher than the year 2001. In a breakdown, the
value of export was USD 169.94 billion, which meant 27.6%
increase over the year 2001. And the import value was USD
160.28 billion and also rising up 27.4%. In the meantime,
the total import and export value of Chinese State-Owned
Enterprises (SOE) reached USD 237.35 billion, which showed
an increase of 9.5% higher than the previous year. In a
breakdown, the value of export was USD 122.86 billion, 8.5%
increase over the previous year, and the import value was
USD 114.49 billion and also rising 10.6%. Moreover, Chinese
collectives and private enterprises also had a quick
development in foreign trade in 2002, and their yearly
import and export totaled USD 53.22 billion, 57.1% increase
over the year 2001. In a breakdown, the value of export was
USD 32.77 billion, which meant 66.5% increase, and the
import value was USD 20.45 billion and also rising
43.9%.
In the sector
of bilateral trade in 2002, Japan was the largest trade
partner of China, followed by the USA and then EU. The value
of bilateral trade between China and Japan totaled USD
101.91 billion, which accounted for 16.4% of the total value
of import and export in 2002 and an increase of 16.2% over
the previous year, and also for the first time exceeded USD
100 billion. The total value of Sino-USA and Sino-EU trade
also reached USD 97.18 billion and USD 86.76 billion,
respectively.
Among
all the exported goods, mechanical and electrical products
took the lead in 2002. The relevant statistics showed that
export of mechanical and electrical products was USD 157.08
billion, accounting for 48.2% of the year's total
export.
After China's
WTO entry, some foreign countries relaxed the quota
restrictions towards some Chinese products and this created
a good chance for export increase of traditional and
advantageous products made in China. In 2002, the export of
garments was USD 41.19 billion with an increase of 12.7%
over the year 2001; textile fabric or products were USD
20.58 billion and an increase 22.2%; footwear USD 11.09
billion, increase 9.9%; plastic products USD 6.05 billion,
increase 18.8% and toys USD 5.57 billion, increase
7.9%.
As for goods
import of China in 2002, primary products accounted for USD
49.27 billion rising 7.7% from the previous year, while
finished products USD 245.94 billion with an increase of 24.3%.
Import and Export of China in 2002
2004-06-09 15:42