China's trade surplus shrinks in first five months

News Image

By MG News | June 22, 2018 at 02:08 PM GMT+05:00

0:00

China's trade surplus shrank markedly in the first five months of this year, data from the Ministry of Commerce (MOC) showed.

Exports reached 957.06 billion U.S. dollars while imports stood at 857.39 billion dollars, leaving a trade surplus of 99.67 billion dollars, down 26.8 percent year on year.

 China's trade growth in the Jan-May period in dollar terms stood at 16.8 percent year on year, the highest in seven years, according to Liang Ming, director of the foreign trade institute with the Chinese Academy of International Trade and Economic Cooperation, a think tank with the MOC.

The country saw increased share of mechanical and electrical products among total exports and decreased share of exports of labor-intensive products.

Import growth of integrated circuit, high-tech and energy products accelerated in the first five months of 2018.

Liang attributed the steady trade growth during this period to the global economic recovery, stable domestic economic growth, and the development of the Belt and Road Initiative.

He expected the steady trade growth momentum to continue in the second half of this year with further improvement in trade quality and structure.

APP

 

 

Related News

Name Price/Vol %Chg/NChg
KSE100 133,132.59
93.83M
-0.18%
-237.56
ALLSHR 82,971.81
334.00M
-0.13%
-109.35
KSE30 40,567.12
30.26M
-0.34%
-138.18
KMI30 191,970.51
39.45M
-0.32%
-610.17
KMIALLSHR 55,774.69
193.16M
-0.11%
-61.02
BKTi 36,141.77
5.17M
-0.48%
-175.40
OGTi 28,480.34
2.80M
-0.22%
-62.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,350.00 108,880.00
107,680.00
-105.00
-0.10%
BRENT CRUDE 69.42 69.50
69.03
-0.16
-0.23%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.73 67.97
67.40
-0.20
-0.29%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval


July 08, 2025 at 09:41 AM GMT+05:00

DFML assembles over 300 EVs for delivery


July 08, 2025 at 09:31 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg