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China's foreign trade rises in July
12
Aug '11
The value of China's imports and exports trade during July 2011 amounted to US$ 318.77 billion, a year-on-year of 21.5 percent, according to the statistics released by department of customs.

Exports accounted for US$ 175.13 billion, an increase of 20.4 percent year-on-year, and surpassed the previous month's record of US$ 161.97 billion. Imports were also up 22.9 percent to US$ 143.64 billion during the month.

During the January-July period of the current year, China's foreign trade recorded US$ 2.022 trillion, registering a year-on-year increase of 25.1 percent. Of these, exports were valued at US$ 1.04 trillion, an increase of 23.4 percent compared to the corresponding period of 2010.

Imports recorded US$ 973.17 billion, showing a growth of 26.9 percent year-on-year. Thus, the country achieved a trade surplus of US$ 76.21 billion, an 8.7 percent decline compared to the same period last year.

In the seven-month period, exports of textiles, garments, and footwear grew steadily. Textiles valued at US$ 54.6 billion were exported, up 27.5 percent compared to the same period in 2010. While garment exports accounted for US$ 83.12 billion, up 24.4 percent, footwear exports grew by 20.9 percent to US$ 23.49 billion.

Fibre2fashion News Desk - China

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