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January-July Trade Surplus Hits US$10.08b

China's exports in July increased slightly to US$22.89 billion, according to the latest statistics released by the General Administration of Customs on Monday from June's US$22.08 billion.

Exports of traditional bulk commodities rebounded in July, but the increase was not stable, due to the impact of slowing economic growth worldwide, according to the administration.

The total volume of imports and exports reached US$43.84 billion in July, up 7 percentage points from the same period last year. While exports rose 6.6 percent to US$22.89 billion, imports grew 7.5 percent to US$20.95 billion, making a trade surplus of US$1.94 billion for July.

Statistics show that the total volume of China's foreign trade from January to July reached US$284.84 billion, up 10.6 percent compared with the same period of last year. The exports and imports for the seven months totaled at US$147.46 billion and US$137.38 billion respectively.

The accumulative total trade surplus from January to July reached US$10.08 billion.

(Xinhua News Agency 08/13/2001)

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