China's Foreign Trade Surplus Records $470.8 Billion

  • Beijing, People's Republic of China
  • 9 August 2023
1

China's trade surplus grew 2.8 percent in the first seven months of this year to 3.39 trillion yuan ($470.8 billion).

According to data issued by the General Administration of Customs, the trade balance surplus reached $ 458 billion in the corresponding period of 2022. China's overseas exports grew 1.5 percent year on year to 13.47 trillion yuan ($1.87 trillion). On the other hand, the volume of imports fell by 1.1 percent from the previous year, to reach 10.08 trillion yuan ($ 1.4 trillion), bringing the total volume of foreign trade (imports and exports) by 0.4 percent on an annual basis, during the first seven months of 2023.

Source (Anadolu Agency, Edited)

Related News

Get an annual subscription in the quarterly Arab Economic bulletin

SUBSCRIBE NOW