INSIGHTS
- China's foreign trade in goods reached $4.02 trillion from January to August, up 3.7 per cent year-on-year.
- Exports rose by 4.6 per cent, and imports increased by 2.5 per cent, with a trade surplus expanding 11.2 per cent to $608.49 billion.
- In yuan terms, total goods trade saw a 6 per cent jump, with exports up 6.9 per cent and imports rising 4.7 per cent.
In US dollar terms, China’s foreign trade in goods reached $4.02 trillion from January to August, up 3.7 per cent year-on-year, according to data from the General Administration of Customs.
During this period, exports increased by 4.6 per cent, while imports rose by 2.5 per cent. The country's trade surplus saw an 11.2 per cent rise, expanding to $608.49 billion.
In yuan terms, the country’s total goods imports and exports saw a 6 per cent year-on-year increase during the first eight months of 2024, according to official data released on Tuesday.
Exports rose by 6.9 per cent year-on-year from January to August, while imports increased by 4.7 per cent.
Fibre2Fashion News Desk (RKS)