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China's trade surplus skyrockets in Jan-Aug
13 Sep '12
1 min read
China’s trade surplus has increased by 31.8 percent year-on-year to US$ 120.6 billion during the initial eight months of 2012, according to the data released by General Administration of Customs.
From January to July 2012, China exported goods worth US$ 1.309 trillion, registering a rise of 7.1 percent year-on-year.
During the same period, China imported goods valued at US$ 1.188 trillion, showing a year-on-year increase of 5.1 percent.
In the month of August, China’s total foreign trade was valued at US$ 329.29 billion, growing at 0.2 percent year-on-year. Of which, exports fetched US$ 177.98 billion, up 2.7 percent year-on-year, while imports totaled US$ 151.31 billion, down 2.6 percent year-on-year, thus resulting in a trade surplus of US$ 26.67 billion.
Fibre2fashion News Desk - China
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