Thursday, September 11, 2008

China's trade surplus decreases in the first 8 months

According to the statistics from the customs, China's total export-import volume from January to August this year was U.S. $ 1.724 trillion, which is 25.7% more than the same period of last year.

The export volume was U.S. $ 937.69 billion, up 22.4%; while the import volume was U.S. $ 786 billion, up 30%. The total trade surplus was U.S. $ 152 billion, down by 6.2%, or U.S. $ 10.08 billion, than last same period.

The statistics shows that export-import of general trade increased rapidly in the first 8 months this year. Its total value was U.S. $ 840 billion, up 36.2% year-on-year; while the increasing rate of processing trade was slow.

The EU is still the biggest trade partner of China. The bilateral trade volume of Europe and China was U.S. $ 283 billion, up 26.9%, which is 13.6% and 8.5% higher than that of Sino-America and Sino-Japan in the same period. Among the top ten trade partners of China, India ranks the 9th, however, it enjoys a bigger increasing rate than the other nine countries.

By People's Daily Online

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