China’s trade surplus down 2.6% in Jan-Sep
China’s trade surplus totaled US$180.9 billion in the first nine months this year, down 2.6% or US$4.92 billion year-on-year, according to the General Administration of Customs.
In the Jan.-Sep. period, China’s total trade volume rose 25.2% from a year earlier to US$1.967 trillion with exports and imports rising 22.3% and 29% to US$1.074 trillion and US$893.1 billion, respectively.
In September alone, China’s total trade volume went up 21.4% over the same period of last year, to hit US$243.5 billion. Exports grew 21.5% to US$136.4 billion, and imports rose 21.3% to US$107.1 billion.
In September, China’s trade surplus posted a new record high of US$29.3 billion after hitting US$28.69 billion in August this year.
The figures also showed that Sino-U.S. trade volume increased 13.8% from a year ago to US$251.5 billion in the first nine months. However, the growth rate is 1.8 percentage points lower than a year-earlier level.
During the period, China’s exports to U.S. amounted to US$189.1 billion, representing a year-on-year rise of 11.2%, and the imports from U.S. grew by 22.1% to US$62.4 billion.
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