China's trade surplus hits new high in August
Source: Xinhua Date: 2006-09-12
China's trade surplus amassed between January and August totaled US$94.65 billion - the trade surplus in August hit a monthly high of US$18.8 billion.
China's imports and exports reached US$1.1046 trillion for the first eight months, up 23.9 percent on last year. Of the total, the exports surged 25.9 percent to US$599.63 billion while the imports amounted to US$504.98 billion, up 21.6 percent.
In August, the exports went up 32.8 percent to US$90.77 billion while the imports climbed 24.6 percent to reach US$71.97 billion.
From January to August, a total of 4.15 million tons of crude oil was exported from China, down 15.9 percent. The export of refined oil products plunged 21.7 percent to 8.2 million tons, highlighting the country's tightened export control on energy-consuming products.
The export volume of electronic and machinery products rose 29.8 percent from the previous year to US$336.63 billion, more than half of the total exports.
The export of electronic products grew 34.7 percent year-on-year, a record high, to US$137.12 billion. New high-tech products grew 30.7 percent to US$169.5 billion.
The export volume of clothing went up 28.1 percent to US$59.77 billion while those of textile yarns and fabric surged 18.8 percent to US$31.64 billion.
The statistics show that China exported shoes worth an aggregated US$14.39 billion, up 15.4 percent.
Of the total imports, industrial products with an aggregated import volume of US$381.28 billion took up the largest share of 75.5 percent and witnessed a growth of 18.7 percent.
The aggregated import volume of primary products rose 31.6 percent to US$123.7 billion.
The European Union remains China's largest trade partner as Sino-EU trade registered a rise of 22.5 percent to US$168.96 billion.
The United States came next with a trade volume of US$166.59 billion, up 24.7 percent.
China's trade with Japan reached US$131.33 billion, up 11.8 percent, while that with the Association of Southeast Asian Nations hit US$100.93 billion, a hike of 22.6 percent over the same period of last year.
East China's Guangdong Province continued to take the lead in foreign trade and saw its aggregated imports and exports growing 24.8 percent to US$325 billion.
