China's goods exports rose 2,6 percent year on year in August, while imports fell 2,6 percent, customs data showed on Sunday (08.09.2019).
The trade surplus stood at 239.600 billion yuan (about 33.790 billion U.S. dollars) last month, expanding 41,8 percent from a year earlier, according to data released by the General Administration of Customs (GAC).
The The country's exports grew 6,1 percent year-on-year in the first eight months of the year, while imports rose 0,8 percent., leaving a trade surplus of 1,77 trillion yuan, an increase of 46 percent over the period.
In US dollar-denominated terms, the country's exports rose 0,4 percent during the period, while imports declined 4,6 percent from a year earlier.
Destinations
The European Union remained China's largest trading partner during the period, with bilateral trade volume up 9,7 percent from a year earlier to 3,15 trillion yuan, followed by 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 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, the GAC said, adding that the amount accounted for 29 percent of China's total trade volume.
Imported products
The country's crude oil imports rose 9,6 percent to 328 million tons during the period, while coal and natural gas imports rose 8,1 percent and 10,3 percent, respectively, to 220 million tons and 63 million tons.
However, soybean imports fell 9,2 percent year-on-year to 56,3 million tonnes.
Customs data also showed the country exported more mechanical and electrical products as well as labor-intensive products.
Source: Xinhua
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
