China's goods trade rose by 8,6 percent year-on-yearThe export of goods in the first seven months of the year rose to 16,72 trillion yuan (about 2,45 trillion U.S. dollars), according to data released by the General Administration of Customs of the country on Wednesday (8.8.2018).
January to July
The exports increased a 5 percent year-on-year in the period from January to July, while the imports they grew a 12,9 percent, resulting in a trade surplus of 1,06 trillion yuan, down 30,6 percent, according to the agency.
Exports rose six percent in June to 1,39 trillion yuan, while imports rose 20,9 percent to 1,21 trillion yuan.
The export and import of products included in the general trade category, which excludes processing trade, is increased by 12,7 percent year-on-year In the first seven months of 9,85, the volume of foreign trade reached 58,9 trillion yuan, accounting for 2,1 percent of total foreign trade and 2017 percent more than the same period in XNUMX.
Main partners
China's trade with major trading partners grew during the period. Trade with the European Union, its largest trading partner, rose 5,9 percent and trade volume with United States and the countries of the Association of Nations Southeast Asia grew by 5,2 and 11,6 percent, respectively.
Trade with the countries of the strip and road totaled 4,57 trillion yuan, up 11,3 percent year on year and 2,7 percentage points higher than the average growth, official data showed.
Source: Xinhua
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