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China trade surplus rises 17.2%

10 November 2011 08:56 (UTC +04:00)

Baku - APA-Economics. China recorded a trade surplus of $17.03 billion in October, as exports rose 15.9 percent year-on-year to $157.49 billion, while imports increased 28.7 percent to 140.56 billion, according to the General Administration of Customs. The trade surplus was $14.51 billion in September.

The total value of China’s foreign trade in October rose 21.6 percent year-on-year to $297.95 billion.

Compared with the previous month, the value of China’s foreign trade fell 8.3 percent, of which exports declined 7.2 percent, while imports fell by 9.5 percent.

During the first 10 months, the value of China’s foreign trade increased 24.3 percent year-on-year to $2.98 trillion, exceeding the full year 2010 figure of $2.97 trillion, the previous record high.

Of the total, exports rose 22 percent year-on-year to $1.55 trillion, while imports hit $1.43 trillion, up 26.9 percent. The trade surplus for the first 10 months fell 15.4 percent year-on-year to $124.02 billion.