Economy

Beijing trade deficit rises 63% to $152 billion

(Xinhua)
Updated: 2010-11-20 19:36

BEIJING - Beijing, the Chinese capital, generated $243.2 billion in foreign trade in the first 10 months of the year, a 42-percent year-on-year rise, the local customs house said Saturday.

Related readings:  Import growth outpaces China's exports in Oct  Chinese tea exports to increase: Report  China's auto industry moves into top gear  Report warns of China's export dependency

The total included $45.4 billion of exports, up 16.9 percent year on year, and $197.8 billion of imports, up 49.3 percent.

The city's trade deficit increased 62.7 percent year on year in the period to $152.4 billion.

Its trade with the European Union rose 28.6 percent year on year to $31.89 billion while trade with ASEAN (Association of Southeast Asian Nations) members increased 27.6 percent to $16.12.

Its trade with the United States jumped 26.7 percent year on year to $15.81 billion while that with Japan climbed 28.9 percent to $15.04 billion.

In the ten-month period, Beijing exported $27.75 billion worth of machinery and electronics, up 11.9 percent year on year, while it imported $53.58 billion of the goods, up 29.2 percent.