In 2003, China's import and export trade volume totaled US$850.99 billion, with an increase of 37.1 percent over 2002, ranking 4th in world trade. This compares to China's coming in 32nd in 1978, 15th in 1989, 10th in 1997 and 6th in 2001. At present, more than 220 countries and regions in the world have trade exchanges with China. The 10 major trade partners of China's mainland are: Japan, the United States, the European Union ("EU"), the Hong Kong Special Administrative Region, the Association of Southeast Asian Nations ("ASEAN"), the Republic of Korea, Taiwan Province, Australia, Russia and Canada.
