ZCZC
BCN-16
CHINA-EXPORT-IMPORT-DATA
China’s exports up 2.6 pct in August, imports down 2.6 pct
BEIJING, Sept. 8, 2019 (BSS/Xinhua) – China’s exports of goods rose 2.6
percent year on year in August, while imports fell 2.6 percent, customs data
showed Sunday.
Trade surplus stood at 239.6 billion yuan (about 33.79 billion U.S.
dollars) last month, expanding 41.8 percent from one year earlier, according
to data released by the General Administration of Customs (GAC).
The country’s exports grew 6.1 percent year on year in the first eight
months of the year, while imports edged up 0.8 percent, leading to a trade
surplus of 1.77 trillion yuan, widening 46 percent during the period.
In U.S. dollar-denominated terms, the country’s exports edged up 0.4
percent during the period, while imports declined 4.6 percent from one year
earlier.
The European Union remained as China’s largest trading partner during the
period, with bilateral trade volume up 9.7 percent from one year earlier to
3.15 trillion yuan, followed by the ASEAN, up 11.7 percent to 2.74 trillion
yuan, and the United States, down 9 percent to 2.42 trillion yuan.
China’s trade with the Belt and Road countries totaled 5.83 trillion yuan
for the January-August period, up 9.9 percent year on year, 6.3 percentage
points higher than the overall pace, said the GAC, adding that the amount
accounted for 29 percent of China’s total trade volume.
The country’s crude oil imports went up 9.6 percent to 328 million tonnes
during the period, while imports of coal and natural gas increased 8.1
percent and 10.3 percent respectively to 220 million tonnes and 63.04 million
tonnes.
The soybean imports, however, fell 9.2 percent from one year earlier to
56.32 million tonnes.
Customs data also showed the country exported more mechanical and
electrical products as well as labor-intensive products.
BSS/XINHUA/HR/1455