Home / Knowledge / News / Textiles / Trade surplus drop as imports exceed exports for April
Trade surplus drop as imports exceed exports for April
15
May '08
Foreign results of China for the first four months of 2008 were revealed by the General Administration of Customs according to which the total import and export of the country reached US $791.14 billion.

An increase of 24.4 percent was recorded compared to the same period last year of which exports registered $424.57 billion while imports touched $366.57 marking a surge of 21.5 and 27.9 percent respectively. The cumulative trade surplus amounted to $58 billion, down by 7.9 percent with a net drop of $4.95 billion.

In the month of April alone, China's total imports and exports fetched $220.74 billion, an increase of 23.9 percent, individually exceeding $100 billion for the month setting new records. While exports touched $118.71 billion with a surge of 21.8 percent, imports stood at $102.03 billion, jumping by 26.3 percent over $100 billion for the first time on single month imports. On an average, trade surplus for April was marked at $16.68 billion which was nearly same as recorded last year.

Since the beginning of 2008, imports by state-owned enterprises grew significantly. According to customs statistics, from January to April, imports and exports by foreign-funded enterprises were $443.52 billion, an increase of 19.7 percent.

Over the same period, imports and exports by state-owned enterprises were US $191.48 billion, an increase of 29.3 percent. In addition, imports and exports by collective enterprises, private enterprises and other enterprises stood at $156.14 billion, escalating by 33 percent.


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search