Growth in China's exports, imports slows down in July

13:07, August 10, 2010      

Email | Print | Subscribe | Comments | Forum 

China's exports rose 38.1 percent year on year to 145.52 billion U.S. dollars in July, but the growth rate was down from a 43.9-percent surge in June, the General Administration of Customs (GAC) said Tuesday.

Imports increased 22.7 percent from a year earlier to 116.79 billion U.S. dollars. The pace of growth was slower than June's 34.1-percent increase.

China's exports growth would continue to slow in line with an expected slowdown in economic growth in the United States and European Union from the third quarter, said Wang Tao, economist with the UBS Securities.

Wang said growth in exports would continue to outpace that of imports for the rest of the year and she expected the annual trade surplus to hit 185 billion U.S. dollars this year.

On a monthly basis, exports in July were up 5.9 percent from June, but July's imports edged down 0.4 percent from the previous month, the administration said.

The country's foreign trade totaled 262.31 billion U.S. dollars last month, up 30.8 percent from a year earlier.

The trade surplus for the first seven months totaled 83.93 billion U.S. dollars, down 21.2 percent over the same period last year.

Trade with the European Union, the country's largest trade partner, climbed 36.6 percent year on year in the January-July period to 263.16 billion U.S. dollars, the GAC said.

Trade with the United States jumped 30.6 percent during the period while that with Japan expanded 34.9 percent in the first seven months compared with a year earlier.

Brazil overtook Russia to become China's 10th largest trade partner, with bilateral trade surging 54.6 percent to 32.51 billion U.S. dollars from January to July.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion