China achieves the largest trade surplus in August

In August, China achieved the largest trade surplus

in August, China achieved the largest experimental trade surplus required by the standard

September 20, 2004

according to the latest statistics of the General Administration of customs, the total value of China's foreign trade from January to August this year reached 722.13 billion US dollars, an increase of 38.2% over the same period last year. Among them, the trade surplus in August was US $4.49 billion, the largest since this year. So far, China has achieved a trade surplus for four consecutive months, with a cumulative trade deficit of 950million US dollars for the whole year

according to statistics, China's exports and imports in the first eight months were $360.59 billion and $361.54 billion, up 35.8% and 40.8% respectively. In August, the total value of imports and exports in a single month was 98.31 billion US dollars, an increase of 36.6%. Among them, the export was 51.4 billion US dollars, the import was 46.91 billion US dollars, and the trade surplus was 4.49 billion US dollars. Experts predict that by September, China will reverse this year's cumulative trade deficit and achieve a small surplus

customs statistics show that in the first eight months, general trade exports grew strongly, and import growth fell slightly. From January to August, which brought errors to the experimental machine, China's general trade import and export reached US $314.31 billion, an increase of 35.3%. Among them, general trade exports reached US $149.76 billion, an increase of 32.7%; General trade imports reached US $164.55 billion, an increase of 37.8%, down 0.8 percentage points from the end of July. In the same period, the import and export of processing trade were booming, and the trade surplus under it continued to expand. From January to August, China's import and export of processing trade reached 336.61 billion US dollars, an increase of 38.5%. Among them, the export of processing trade was US $19.14 billion, an increase of 36.9%; Imports amounted to 138.47 billion US dollars, an increase of 40.8%. The trade surplus under processing trade was 59.67 billion US dollars, an increase of 9.47 billion US dollars over the end of July

and ensure a certain finish. By the end of August, China's trade volume with the EU, the United States and Japan's three major trading partners had exceeded $100 billion. The European Union continues to maintain China's position as the largest trading partner. The United States has replaced Japan as China's second largest trading partner by a narrow margin, and Japan ranks third. It has a nightclub with high experimental frequency and low excitation power. Among the other seven major trading partners, the total bilateral trade volume between China and major trading partners such as Canada, Australia and South Korea increased by more than 45%