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US biggest buyer of Chinese exports

The United States surpassed the European Union in the first 11 months of 2012 to become the largest buyer of Chinese exports, according to data released by the Ministry of Commerce on Tuesday.The value of US trade with China increased by 8.2 percent year-on-year to reach US$438.62 billion, according to the ministry.

At the same time, China's exports to the US increased by 8.2 percent to US$319.4 billion, and its imports from the US went up by 8.1 percent to US$119.2 billion.

China's trade surplus with the US has also increased in the year, going from US$148.3 billion in the first nine months to US$200.3 billion in the first 11 months.

The EU, for its part, saw its trade with China decline.

In the first 11 months of the year, its trade with China decreased by 4.1 percent year-on-year, and its imports from

Added: Dec-27-2012 Occurred On: Dec-27-2012
World News
Tags: USA, China, Export, EU
Location: United States (load item map)
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