China's import, export value falls 20.6% to US$191.7 bln in Aug

Sep. 16, 2009 (China Knowledge) - China's import and export value in August decreased 20.6% year on year to US$191.7 billion, according to statistics released by the General Administration of Customs on Friday. 

China posted an import value of US$88 billion for August, a decrease of 17% year on year, but an increase of 3.4% month on month. Meanwhile, the export value was US$103.7 billion, down 23.4% from a year earlier, but up 1% from July.

In the first eight months of the year, the import and export value dropped  22.4% year on year to US$1.34 trillion. Exports fell 22.2% to US$730.74 billion while imports slid 22.7% to US$607.92 billion.

Trade surplus amounted to US$122.82 billion in the period from January to August, representing a year-on-year decline of 19%.

Trade value between China and the country's three major trade partners, the E.U., the U.S. and Japan, stood at US$224.69 billion, US$183.79 billion, and US$138.68 billion last month, down 20.7%, 16.4% and 22.1%, respectively.