China Jan-Apr Auto Imports Boosted 26.7% YOY

The General Administration of Customs of China released on May 10 that China's import and export value climbed 6% year on year to USD 1.17 trillion in the first four months of 2012. Therein, export value grew 6.9% year on year to USD 593.24 billion and import value rose 5.1% year on year to USD 573.9 billion. China's trade surplus accumulated to USD 19.3 billion during this period.

Import of iron sand expanded 6.5% year on year to 240 million tons and import price declined 13.4% year on year to USD 137.6 per ton. Imports of electromechanical products inched down 1.6% year on year to USD 231.44 billion. Import of autos swelled 26.7% year on year to 392,000 units.

Exports of electromechanical products advanced 8.5% year on year to USD 346.79 billion, up 1.6 percentage points compared with the country's entire export growth during the same period. Exports of electrical equipment and electronic products stepped up 5.5% year on year to USD 140.29 billion. Exports of mechanical equipment grew 11% year on year to USD 115.05 billion.