(Reporter Cheung Wing) General Administration of Customs announced

(Reporter Cheung Wing) General Administration of Customs announced yesterday that a quarter of foreign trade imports and exports from January to March, China's import and export value of $ 859.37 billion, an increase of 7.3%. Which exports $ 430.02 billion, an increase of 7.6%; imports 429.35 billion U.S. dollars, an increase of 6.9%, the cumulative trade surplus was $ 670 million.

The data show that the month of March, China's import and export value of $ 325.97 billion, an increase of 7.1%. Which exports $ 165.66 billion, an increase of 8.9%; imports 160.31 billion U.S. dollars, an increase of 5.3%; the month trade surplus of $ 5.35 billion. After seasonal adjustment method to adjust the year-on-year growth rate of China's import and export, export and import in March were 7.2%, 9.8% and 4.6%.

Customs Statistics Division is responsible for the seasonal adjustment method involves a more complex function, including holidays, weekdays, Monday to Korean Layout Friday on the set of import and export of the different factors. "After seasonal adjustment method to adjust the foreign trade data reflect the actual import and export."

Bilateral trade with major trading partners, China's rapid growth in import and export of Russia and Brazil and other countries. The first quarter, China-EU bilateral trade value of $ 126.87 billion, an increase of 2.6%. During the same period, bilateral trade amounted to 106.77 billion U.S. dollars, an increase of 9.3%. China and ASEAN bilateral trade value of $ 86.78 billion, an increase of 9.2%. Sino-Japanese bilateral trade value of $ 79.44 billion, down 1.6 percent. In the same period, total bilateral trade of China and Russia and Brazil were 21.49 billion and $ 18 billion, an increase of 33% and 11.5% respectively.

Ministry of Commerce, Foreign Trade and Economic Research Institute experts said Mei Xinyu, from the data of the first quarter of this year trade balance will maintain a surplus, but the difference will be larger to reduce the outlet pressure faced by the traditional labor industries prominent, emerging industries are relatively better. Traditional export provinces and export-oriented economy will be severely affected.

Customs statistics also show that the first quarter of import and export value of $ 102.44 billion, an increase of 12.3%.