Trade surplus zooms in first 11 months of 2008

15 Dec '08

2 min read

According to the statistics released by the General Administration of Customs, from January to November this year, China's foreign trade reached US $2.37 trillion, an increase of 20.9 percent from the same period last year, of which, exports marked $1.31 trillion, up 19.3 percent and imports touched $1.06 trillion, up 22.8 percent.

Accumulated trade surplus recorded $255.95 billion, up 6.9 percent, a net increase of $16.39 billion from the same time last year.

Customs statistics reveal that in November, foreign trade amounted to $189.89 billion, down 9 percent; of which, exports were $114.99 billion, down 2.2 percent and imports were US $74.9 billion, down 17.9 percent.

In the first 11 months, of the overall foreign trade, China's imports and exports in general trade registered $1.14 trillion, an increase of 31.1 percent and accounted for 48.2 percent of China's total import and export volume, 3.7 percent higher than the growth over the same period last year.

Of this, exports reached $608.71 billion to aggregate 24.7 percent; imports were $536.98 billion, up 39.2 percent thereby representing a growth rate of 12.1 percent year-on-year.

Over the same period, imports and exports of processing trade achieved $981.280 billion, an increase of 9.8 percent. Among them, exports were $626.56 billion, up 11.9 percent; imports were $354.72 billion, an increase of 6.2 percent.

Fibre2fashion News Desk - China

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