Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Data

China's foreign trade up 9.1 pct in first eight months

September 10, 2018


Abstract : China's goods trade went up 9.1 percent year on year to 19.43 trillion yuan (about 2.85 trillion U.S. dollars) in the first eight months of this year, customs data showed Saturday.

BEIJING, Sept. 8 (Xinhua) -- China's goods trade went up 9.1 percent year on year to 19.43 trillion yuan (about 2.85 trillion U.S. dollars) in the first eight months of this year, customs data showed Saturday.

Exports rose 5.4 percent year on year in the January-August period to 10.34 trillion yuan while imports grew 13.7 percent to 9.09 trillion yuan, resulting in a trade surplus of 1.25 trillion yuan, which narrowed by 31.3 percent, according to the General Administration of Customs.

In August, exports rose by 7.9 percent while imports jumped by 18.8 percent.

In the first eight months, exports and imports of products under the general trade category, which are differentiated from processing trade, gained 13.1 percent from a year ago to 11.43 trillion yuan, accounting for 58.8 percent of the total foreign trade, 2.1 percentage points higher than the same period in 2017.

The country's trade with major trading partners saw an increase during the January-August period. Trade with the European Union, its largest trading partner, climbed 6.2 percent, and trade volume with the United States and ASEAN countries increased by 5.9 percent and 11.8 percent, respectively.

Trade with countries along the Belt and Road totaled 5.31 trillion yuan, up 12 percent year on year, 2.9 percentage points faster than the average growth rate, data showed. Enditem

Scan the QR code and push it to your mobile phone

Keyword: China trade foreign

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial