China trade surplus hit 50b USD by July

www.chinanews.cn 2005-08-12 15:02:44

Chinanews, Aug. 12 - According to statistics released on August 11th by Customs General Administration (CGA), China's gross import and export volume reached 765.9 billion USD in the first seven months of this year, up about 23% year on year, with a trade surplus of nearly 50 billion USD.

Statistics provided by the CGA show that China's trade volumes with the three largest partners -- the EU, the U.S., and Japan -- have all exceeded 100 billion USD. From January to July, the EU maintained China's first largest trade partner, with total bilateral trade volume of 118.61 billion USD, up 23.3% year on year. The U.S. was China's second largest trade partner, with total bilateral trade volume of 114.5 billion USD, up 24.5% year on year. Japan was the third largest, with total bilateral trade volume of 101.8 billion USD, up 9.2%. Moreover, ASEAN has become China's fourth largest trade partner with total bilateral trade volume of 70.74 billion USD in the first seven months, up 24.8%.

          ·Trade surplus to lower to 30 bln USD in 2nd Half (2005-08-08)
          ·Trade surplus rocketing brings pressure (2005-07-28)
          ·Trade surplus to continue: NSB (2005-07-20)
          ·China trade surplus to surpass 70 bln USD (2005-07-07)
          ·Financial surpluses throughout China (2005-05-26)

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