China’s intl trade in goods, services up 4% in August

A drone photo shows a view of Qingdao Port in East China’s Shandong province, March 13, 2024. [Photo/Xinhua]

BEIJING — The value of China’s international trade in goods and services reached approximately 4.18 trillion yuan in August this year, marking an increase of 4 percent year on year, official data showed on Friday.

In US dollar terms, the country’s exports of goods and services amounted to $322.4 billion, while imports totaled $263.5 billion, recording a surplus of $58.9 billion, the State Administration of Foreign Exchange said.

The export value of goods reached nearly 2.07 trillion yuan while the import value of goods totaled about 1.5 trillion yuan, resulting in a surplus of 572.4 billion yuan.

The value of exported services amounted to 230.8 billion yuan and the value of imported services stood at 383 billion yuan, producing a deficit of 152.2 billion yuan.

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