According to statistics released by the General Administration of Customs on January 14, China’s foreign trade import and export value was US$295.01 billion in January 2011, an increase of 43.9% from the same period of last year. In January, the total value of bilateral trade between China and the United States was 36.87 billion U.S. dollars, an increase of 39.2%.

Due to the influence of the Spring Festival holiday, the pre-holiday concentrated import and export phenomenon is more prominent, which in turn promotes the rapid growth of China's foreign trade in January this year. In January of this year, China’s foreign trade’s imports and exports increased by as much as 43.9% year-on-year, but there was still a slight decline of 0.1% compared with December of last year, in which exports fell by 2.2% from the previous month and imports increased by 2.2% from the previous month.

In bilateral trade with major trading partners, the bilateral trade value between China and the EU in January was 45.97 billion U.S. dollars, an increase of 30.5%. During the same period, the total value of bilateral trade between China and the US was US$36.87 billion, an increase of 39.2%. ASEAN is China’s third largest trading partner, with bilateral trade valued at US$28.89 billion, an increase of 34.5%. Among them, I exported 13.36 billion U.S. dollars to ASEAN, an increase of 26.7%; I imported 15.53 billion U.S. dollars from ASEAN, an increase of 41.9%; and the U.S. trade deficit was 2.17 billion U.S. dollars, an increase of 4.4 times year-on-year. In addition, the total value of bilateral trade between China and Japan was 27.84 billion U.S. dollars, an increase of 42%. In January, China’s bilateral trade with emerging markets such as India and Brazil grew rapidly. Among them, bilateral trade with India totaled 6.66 billion U.S. dollars, up by 44.2%; bilateral trade with Brazil totaled 5.99 billion U.S. dollars, up by 74.8%.

In January, the growth rate of China's general trade import and export was higher than the overall, and processing trade grew steadily. In January, the import and export of general trade was US$159.75 billion, an increase of 49.9%, which was 6 percentage points higher than the national import and export growth over the same period. Of which 74.89 billion US dollars of exports, an increase of 44.1%; imports of 84.86 billion US dollars, an increase of 55.5. The trade deficit under general trade was US$9.97 billion, an increase of 2.8 times year-on-year. During the same period, China's import and export of processing trade reached US$102.79 billion, an increase of 35.2%. Among them, exports were US$65.22 billion, up 32.7%; imports were US$37.57 billion, up 39.8%. The trade surplus under processing trade was US$27.65 billion, an increase of 24.1% year-on-year.