Business Today Middle East

China’s foreign trade up 6.9 pct in July

China
China

 China’s foreign trade volume went up 6.9 percent year on year to 378.5 billion U.S. dollars in July, new customs data showed Friday.

Exports in July surged 14.5 percent from a year earlier to 212.9 billion U.S. dollars, while imports dropped 1.6 percent to 165.6 billion U.S. dollars, the General Administration of Customs said in a statement, carried by state-run Xinhua News Agency.

Trade surplus expanded to 47.3 billion U.S. dollars from 31.6 billion U.S. dollars in June.

In the first seven months, total trade volume edged up by 2 percent to 2.4 trillion U.S. dollars, with exports up 3 percent to 1.28 trillion U.S.dollars and imports up 1 percent to 1.12 trillion U.S. dollars.

Total trade surplus in the first seven months surged 20.9 percent 150.6 billion U.S. dollars, the statement said.

Source : WAM News Agency for United Arab Emirates

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