According to data released by the General Administration of Customs on January 11, China's total import and export volume reached a historic milestone in 2007, surpassing US$2 trillion for the first time. The total trade volume was recorded at US$2.1738 trillion, reflecting strong economic growth and expanding global trade ties. Notably, the European Union became China’s largest trading partner, with bilateral trade reaching US$356.15 billion, marking a significant 27% year-on-year increase. The figures also revealed that China's trade surplus hit a record high of US$262.2 billion in 2007, underscoring the country's robust export performance. In December alone, China's foreign trade saw a monthly value of US$206.15 billion, up 23.4% compared to the same period in 2006. However, the trade surplus for that month dropped slightly to US$22.69 billion, a 14.2% decline from the previous month, indicating some fluctuations in trade dynamics. In terms of trade structure, general trade—covering regular imports and exports—grew significantly, reaching US$967.22 billion, an increase of 29.1% compared to the previous year. Meanwhile, processing trade, which involves importing raw materials and exporting finished goods, totaled US$98.05 billion, showing a steady 18.5% growth. These developments highlight the diversification and resilience of China's trade activities in 2007, driven by both domestic demand and international market integration.

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