Trade volume refers to the value of import and export trade expressed in currency, also known as Value of Foreign Trade, which is one of the important indicators reflecting the scale of a country's foreign commodity trade, and is generally expressed in domestic currency.The total value of goods exported by a country to foreign countries within a certain period is called total export trade or total export.The total amount of imports or exports of all countries in the world is converted into the same monetary unit and then added together to form the international merchandise trade volume - the total amount of world imports or exports.Since the export of one country is the import of another country, the total import of all countries should be equal to the total export of all countries in the world.[1]
Chinese name
Trade volume
Foreign name
Value of foreignTrade
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China and ASEAN reached 480.394 billion US dollars
The trade volume of a country is generally calculated in its own currency or the currency commonly used internationally.The trade volume compiled by the United Nations and many countries is in dollars.
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In 2014, the trade volume between China and ASEAN reached 480.394 billion US dollars,Year on year growth8.3%, 4.9 percentage points higher than the average growth rate of China's overall foreign trade.The trade volume between China and ASEAN accounted for 11.16% of China's total foreign trade.[2]
