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China’s trade surplus hits US$26.67 bln in Aug

Sep. 10, 2012 (China Knowledge) - China, the world's largest exporter, saw a trade surplus of US$26.67 billion in August this year, more than the US$25.1 billion in July, due to weak domestic imports, according to data from the General Administration of Customs (GAC).

In August, the country’s foreign trade value rose 0.2% YoY to US$329.29 billion. The exports value was US$177.98 billion last month, up 2.7% YoY, while the import value fell 2.6% YoY to US$51.31 billion last month.
In the first eight months of this year, the country’s export-import value grew 6.2% from the same period of last year to US$2.50 trillion.

China’s exports rose at slower pace of 7.1% YoY to US$1.31 trillion in the eight-month period, and its imports increased 5.1% to US$1.19 trillion. Trade surplus grew 31.8% to US$120.6 billion in the period.

China's trade with the E.U. and Japan were US$365.05 billion and US$218.7 billion in the period, down 1.9% and 1.4% YoY, respectively, while its trade with the U.S. and the ASEAN member countries rose 9.6% and 7.7% YoY to US$312.97 billion and US$252.87 billion, respectively.

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