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 figure stood at US$2.1738 trillion, reflecting strong economic growth and increased global trade engagement. The European Union emerged as China's largest trading partner, with bilateral trade reaching US$356.15 billion—a significant 27% rise compared to the previous year. The statistics also revealed that China’s trade surplus hit a record high of US$262.2 billion in 2007, highlighting the country's growing role in international commerce. In December alone, China's foreign trade volume reached US$206.15 billion, marking a 23.4% increase from the same month in 2006. However, the monthly trade surplus slightly declined to US$22.69 billion, down 14.2% from the previous month, indicating some fluctuation in trade dynamics. In terms of trade categories, general trade—covering goods imported and exported through regular channels—reached US$967.22 billion, up 29.1% from the previous year. Meanwhile, processing trade, which involves importing raw materials for manufacturing and exporting finished goods, totaled US$98.05 billion, showing a 18.5% annual growth. These figures underscore the diverse and expanding nature of China’s trade activities, driven by both domestic demand and global market integration.

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