Statistics

China's August exports up 34.4%, imports rise 35.2%

(Xinhua)
Updated: 2010-09-10 10:05

BEIJING - China's exports increased 34.4 percent in August from a year earlier to $139.3 billion, but the pace of growth slowed from July's 38.1 percent surge, the General Administration of Customs (GAC) said Friday.

China moves up global ladder Related readings: Vice premier calls for more British hi-tech exports Growth in China's exports, imports slows down in July

The country's imports rose 35.2 percent year-on-year to reach $119.27 billion last month, with the growth rate up 12.5 percentage points from that in July.

China's trade surplus for the first eight months of the year totaled $103.9 billion, down 14.6 percent from the same period last year, the GAC said.

Trade with the European Union, China's largest trade partner, jumped 36.2 percent year-on-year to $305.81 billion in the January-August period, the GAC said.

Trade with the United States climbed 32 percent to $242.61 billion during the period while that with Japan rose 34.8 percent to hit $186.89 billion.

During the first eight months, China's iron ore imports inched up 0.1 percent year-on-year to 410 million tons while the average import price surged 55.1 percent to $118.6 per ton.