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China’s trade surplus widens to US$31.7 bln in Jun

Jul. 10, 2012 (China Knowledge) - China, the world's largest exporter, saw a trade surplus of US$31.7 billion in June 2012, 42.9% more than in the same month of 2011 and nearly 70% more than the US$18.7 billion in May this year, according to data from the General Administration of Customs (GAC).

In June, the country’s foreign trade value rose 9% YoY to US$328.69 billion. The exports value was US$180.21 billion last month, up 11.3% YoY, but the growth rate was lower than the 15.3% increase in May. The import value rose 6.3% YoY to US$148.48 billion last month, slowing from a 12.7% growth in May.

In the first half of this year, the country’s export-import value grew 8% from the same period of last year to US$1.84 trillion.

China’s exports rose 9.2% YoY to US$954.38 billion, and its imports increased 6.7% to US$885.46 billion in H1. Trade surplus grew 56.4% to US$68.92 billion in the period.

The GAC has set a 10% growth target for the country’s foreign trade this year.

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