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China's trade deficit tops US$10b in 1st 4 months
(Xinhua)
Updated: 2004-05-15 10:31
China's trade deficit hit US$10.76 billion in the first four months with soaring exports and imports.
According to statistics from Chinese customs available on the website of the Ministry of Commerce, China's imports were US$173.5 billion, up 42.4 percent year-on-year while exports were US$162.7 billion, up 33.5 percent.
The total trade volume added up to US$336.2 billion, up 38 percent on the basis of the same period last year.
In April alone, China's trade volume increased by 37.6 percent to hit US$96.5 billion, of which, imports surged by 42.9 percent to hit US$49.38 billion and exports hit US$47.12 billion, up 32.4 percent year-on-year.
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