According to customs sources, the Chinese mainland's foreign trade in the first seven months of 2007 reached USD 1.17 trillion up by 24.4% YoY.

Region Trade Volume Change (unit: billion USD)

The total trade volume included USD 654.4 billion in export up by 28.6% YoY and USD 517.6 billion in import up by 19.5% YoY. The trade surplus was USD 136.8 billion or 77% of the figure for the whole of last year.

Customs sources said that China saw a robust growth of 28.4% in machinery and electrical products exports in the seven months, reaching USD 369 billion and export value of new and high tech products amounted to USD 180.8 billion up by 24.7% YoY.

Steelguru- 16 Aug 2007