China

China's exports hit record in July

BEIJING - Official figures show China's import and export volume reached US$56.2 billion in July, up 28.4 percent on a year-on-year basis, with the exports surging by 28.1 percent to a record $29.21 billion.

According to statistics released on Monday by the General Administration of Customs, imports in July rose to $26.99 billion, a 28.9 percent growth. A $2.22 billion favorable balance was achieved.

Figures show the total trade volume during the January-July period reached $326.84 billion, up 14.8 percent. Exports rose 16.2 percent to $171.24 billion, while imports increased by 13.2 percent to $155.6 billion. A trade surplus of $15.64 billion was realized.

Statistics show that in the seven months, the imports and exports of normal trade shot up by 9.6 percent to $139.83 billion with imports growing by 4.8 percent to $67.83 billion and exports by 14.6 percent to $72 billion.

In the same period, the imports and exports of the processing trade soared by 20.1 percent to $159.41 billion, with exports growing 17.1 percent to $94.61 billion, and imports by 24.8 percent to $64.8 billion.

Figures show exports of machinery and electronic equipment went up 26.5 percent to $81.63 billion. Exports of garments reached $21.03 billion, up 6.4 percent, exports of textiles and textile products $11.2 billion, up 14.6 percent, shoe products $6.19 billion, up 3.1 percent, and toys $2.71 billion, up 7.6 percent.

(Asia Pulse/XIC)
 
Aug 14, 2002



 

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