China's Trade Surplus Hits $14.5 Billion

July 10, 2006
China posted a record $14.5 billion  trade surplus in June, up 49% year-on-year and surpassing the $13 billion reported in May, the commerce ministry said July 10. China's trade surplus for the first six months totaled $61.45 billion, up 54.9%.  Exports ...

China posted a record $14.5 billion trade surplus in June, up 49% year-on-year and surpassing the $13 billion reported in May, the commerce ministry said July 10.

China's trade surplus for the first six months totaled $61.45 billion, up 54.9%. Exports in June rose 23.3% year-on-year to $81.31 billion, while imports grew 18.9% to $66.81 billion.

"China's strong exports have been underpinned by firm foreign demand, massive outsourcing of production to China by multinationals and a currency that has been relatively stable," Lehman Brothers' Global Weekly Economic Monitor said in its July 10 edition.

However, China's imports in June were down slightly from the 21.7% year-on-year growth registered in May; similarly exports in June were slightly down from 25.1% , the government statistics showed.

Copyright Agence France-Presse, 2006

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!