Trade surplus to continually remain high

20 Mar '09

1 min read

According to the Ministry of Commerce, China's trade surplus will continue to maintain a consistent pace even in 2009. Even though total foreign trade has maintained rapid growth momentum since September 2008, the trade surplus has been consistently lower than the level a year earlier, because of continued deterioration of trade terms.

However, starting from September 2008, with the improvement of China's trade terms, the country's monthly trade surplus has continued to increase. In the months of September, November and December, trade surplus repeatedly reached new heights at US $29.367 billion, $35.239 billion and $40.09 billion, respectively.

From amongst them, the monthly trade surplus of $40 billion achieved in November and set a record high was accomplished in the backdrop of a 9 percent decrease in total import and export volume. So experts aver that, irrespective of the falling foreign trade, trade surplus will continue to remain at high levels.

China's annual trade surplus will probably scale up to around $330 billion in 2009, higher than about $300 billion of trade surplus level in the year of 2008.

Fibre2fashion News Desk - China

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