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Zhejiang's foreign trade down 5.6% in Aug

Sep. 13, 2012 (China Knowledge) - East China's Zhejiang Province saw its export and import value decreased 5.6% YoY to US$27.33 billion in August this year, according to the latest statistics released by the Hangzhou Customs.
Last month, the province saw its export value reached US$20.16 billion, which was the second highest level within the year.

In the first eight months, the province's foreign trade rose 0.8% YoY to US$204.18 billion, ranking fifth nationwide.

The province saw its export value for the eight-month period grew 2.5% YoY to US$145.59 billion, while its import value for the period hit US$58.59 billion, down 3.1% from a year earlier.

Private enterprises generated US$115.57 billion in foreign trade value in the first eight months of this year, reflecting a YoY increase of 5.1%, which accounted for 56.6% of the province's total.

From January to August, Zhejiang Province exported US$5.43 billion worth of furniture, US$3.65 billion of household appliances and US$2.1 billion of lamps, up 9.2%, 12.3% and 18.7% YoY, respectively.

Meanwhile its export of garment and footwear decreased 4.6% and 2.1% YoY to US$18.57 billion and US$4.99 billion, respectively.

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