China's foreign trade surplus fell 11.8 percent in first half

The General Administration of Customs released China's imports and exports report from the first half of this year on July 10th. According to statistics, in the first half of this year, China's foreign trade import and export value reached 1.23417 trillion U.S. dollars, an increase of 25.7 percent over last year. Exports amounted to 666.6 billion U.S. dollars, an increase of 21.9 percent; and imports reached 567.57 billion U.S. dollars which saw an increase of 30.6 percent. The cumulative trade surplus stands at 99.03 billion U.S. dollars, an 11.8 percent decline from the same period last year; and the net decrease amounts to 13.21 billion U.S. dollars.

Among bilateral trade with China's major trading partners, the EU became China's largest trade partner in the first half of this year. In export commodities, growth in mechanical products and electronics is performing very well.

Source: People's Daily Online