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Trade Surplus Soars to US$10.4 Billion in Jan-May
China registered a foreign trade surplus in the Jan-May period this year, a 47.9 percent increase over last year's same period, rising up to approximately US$10.46 billion from last year's US$7.07 billion, as is shown in the statistics released Thursday by the MOFTEC.
According to the MOFTEC, foreign trade surplus in May alone amounted to US$3.14 billion, a 67.9% increase over the US$1.87 billion in the same period last year.
In the same month, the volume of exports amounted to US$20.1 billion and exports to nearly US$16.97 billion, respective increases of 29.6 percent and 24.3 percent over the same period last year.
Export volume in the first five months soared to US$92.28 billion and import volume to nearly US$81.826 billion, up by 36.8 percent and 35.4 percent respectively.
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