Home / Knowledge / News / China's trade surplus narrows in July
China's trade surplus narrows in July
20
Aug '12
The value of China’s foreign trade grew 2.7 percent year-on-year in July this year, according to the data from the General Administration of Customs.
 
The value of exports increased by only one percent year-on-year, while imports rose by 4.7 percent year-on-year, thus narrowing the country’s trade surplus.
 
In July, China’s overall foreign trade value touched US$ 328.73 billion, of which, exports fetched US$ 176.94 billion and imports were worth US$ 151.79 billion. It led to a trade surplus of US$ 25.15 billion, down 16.8 percent year-on-year.
 
From January to July, the value of China’s total imports and exports reached US$ 2.168 trillion, up 7.1 percent year-on-year. While exports earned US$ 1.131 trillion, growing at 7.8 percent year-on-year, imports were worth US$ 1.037 trillion, rising at 6.4 percent year-on-year. Thus, China achieved a trade surplus of US$ 94.1 billion during the seven-month period.
 
The China-EU bilateral trade showed a decline of 0.9 percent year-on-year during the January-July 2012 period, while China-US trade jumped by 10.5 percent y-o-y.
 
China’s bilateral trade with ASEAN countries, Russia and Brazil also increased during the period by 9 percent y-o-y, 17.7 percent and 10.3 percent, respectively.
 

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search