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Beijing's Foreign Trade up 83.9 Percent in Jan
author: xinhua [ 2010-03-01 12:06:01 ]

Beijing's total imports and exports hit $21.95 billion in January, a year-on-year increase of 83.9 percent, according to Beijing Customs, Xinhua News Agency reported Saturday.

Xinhua reported the foreign trade volume in the capital city rose sharply, rebounding to the level reached before the global financial crisis.

Exports reached $4.53 billion, up 19.9% year-on-year, while imports hit $17.42 billion, increasing 1.1 times from a year earlier.

This makes Beijing the fourth-largest region in China in terms of foreign trade volume, accounting for 10.7% of the total in the country.

Officials from Beijing Customs said the European Union remains the largest trade partner of the capital, whereas mobile phones and crude oil were the largest exports and imports respectively.

Beijing's total trade volume of 2009 was $214.76 billion, down 20.9% compared with 2008. The exports and imports were $48.36 billion and $166.4 billion respectively in 2009.