China's Trade Surplus Widens in December

In December, China's trade surplus increased to $31.6 billion from $16.5 billion a year earlier. China exports increased to $199.2 billion from $174.7 billion in December 2011, while imports increased from $158.2 billion to $167.6 billion.
China Customs | Nuno Fontes | 1/10/2013 11:27:19 AM

China’s exports increased by 19.2 percent in December, year-on-year, while imports increased by 11 percent. China's trade surplus registered an increase of 91 percent over December 2011, a report by China's customs administration said on January 10th. In December, China's import and export scale both a record high.

In 2012, China's foreign trade import and export value of $3.89 trillion was an increase of 6.2 percent over the previous year. Among this, exports $2.05 trillion were an increase of 7.9 percent; imports posted at $1.82 trillion were up by 4.3 percent and the trade surplus of $231.1 billion expanded 48.1 percent.