August Exports USD 177.98 Bn, Up 2.7 Percent YoY

Source: General Administration of Customs, ChinaScope Financial (Data)

+       According to the data published by the General Administration of Customs on September 10, China’s August exports went up 2.7 percent year-on-year to USD 177.98 billion, and imports decreased 2.6 percent year-on-year to USD 151.31 billion. Trade surplus in August stood at USD 26.67 billion.

+       In the first eight months of 2012, China’s exports were USD 1.31 trillion, up 7.1 percent year-on-year; imports were USD 1.19 trillion, an increase of 5.1 percent year-on-year; trade surplus was USD 120.6 billion, up 31.8 percent year-on-year.

China’s export growth increased slightly in August, providing a bright spot in the slew of recent downcast economic data. Import however, decreased further in August reflecting weak domestic demand.

The trade surplus expanded further in August amidst week import demand.

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