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China's international trade in goods, services up by 5% in Oct 2022

27 Nov '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

China's international trade in goods and services in October was worth 3.85 trillion yuan, or $539.6 billion, up by 5 per cent over the same period in 2021, according to the State Administration of Foreign Exchange, which recently said the export of goods was worth 1.92 trillion yuan and imports hit 1.51 trillion yuan, resulting in a surplus of 408.8 billion yuan.

Services exports reached 180.6 billion yuan in the month, while services imports were worth 237.3 billion yuan, resulting in a trade deficit of 56.7 billion yuan.

Transportation services contributed the most to services trade with 159.9 billion yuan in trade volume, data showed.

Fibre2Fashion News Desk (DS)

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