US surpasses European Union as the largest purchaser of Chinese exports
China Daily/Asia News NetworkBEIJING -- 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 Commerce Ministry on Tuesday.
December 29, 2012, 12:05 am TWN
The value of U.S. 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 U.S. increased by 8.2 percent to US$319.4 billion, and its imports from the U.S. went up by 8.1 percent to US$119.2 billion.
China's trade surplus with the U.S. 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.