China's Trade Surplus Balloons To $21.18 Billion

China enjoyed a trade surplus of 21.18 billion dollars for the first four months of the year based on trade valued at $414.92 billion, state press reported May 13. Exports during the first four months of the year were up 34% over the same period last year, hitting $218.05 billion during the period.

Imports were valued at $196.87 billion, a 13.3% rise over the same period last year, the report said.

China enjoyed a $16.58 billion trade surplus in the first quarter of 2005, a turn around from an $8.44 billion trade deficit in the first quarter of 2004.

Copyright Agence France-Presse, 2005