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Home >> Business
UPDATED: 20:14, September 11, 2006
China's trade surplus hits new high from Jan. to Aug.
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China's trade surplus amassed between January and August totaled 94.65 billion U.S. dollars - the trade surplus in August hit a monthly high of 18.8 billion dollars.

China's imports and exports reached 1.1046 trillion U.S. dollars for the first eight months, up 23.9 percent on last year. Of the total, the exports surged 25.9 percent to 599.63 billion U.S. dollars while the imports amounted to 504.98 billion U.S. dollars, up 21.6 percent.

In August, the exports went up 32.8 percent to 90.77 billion U.S. dollars while the imports climbed 24.6 percent to reach 71.97 billion U.S. dollars.

From January to August, a total of 4.15 million tons of crude oil was exported from China, down 15.9 percent. The export of refined oil products plunged 21.7 percent to 8.2 million tons, highlighting the country's tightened export control on energy-consuming products.

The export volume of electronic and machinery products rose 29.8 percent from the previous year to 336.63 billion U.S. dollars, more than half of the total exports.

The export of electronic products grew 34.7 percent year-on-year, a record high, to 137.12 billion U.S. dollars. New high-tech products grew 30.7 percent to 169.5 billion U.S. dollars.

The export volume of clothing went up 28.1 percent to 59.77 billion U.S. dollars while those of textile yarns and fabric surged 18.8 percent to 31.64 billion U.S. dollars.

The statistics show that China exported shoes worth an aggregated 14.39 billion U.S. dollars, up 15.4 percent.

Of the total imports, industrial products with an aggregated import volume of 381.28 billion U.S. dollars took up the largest share of 75.5 percent and witnessed a growth of 18.7 percent.

The aggregated import volume of primary products rose 31.6 percent to 123.7 billion U.S. dollars.

The European Union remains China's largest trade partner as Sino-EU trade registered a rise of 22.5 percent to 168.96 billion U.S. dollars.

The United States came next with a trade volume of 166.59 billion U.S. dollars, up 24.7 percent.

China's trade with Japan reached 131.33 billion U.S. dollars, up 11.8 percent, while that with the Association of Southeast Asian Nations hit 100.93 billion U.S. dollars, a hike of 22.6 percent over the same period of last year.

East China's Guangdong Province continued to take the lead in foreign trade and saw its aggregated imports and exports growing 24.8 percent to 325 billion U.S. dollars.

Source: Xinhua


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