By IANS,
Beijing: China’s exports rose 7.2 percent year-on-year to $190.61 billion in August, according to customs figures released Sunday.
The growth rate was 2.1 percentage points higher than July, reports Xinhua.
Imports also rose in this month, gaining 7 percent to $162.09 billion, the general administration of customs said in a statement.
The total foreign trade grew 7.1 percent to reach $352.7 billion in August as compared to the same month in 2012, said the statement.
The figures also revealed the trade surplus widened by 8.4 percent year-on-year to $28.52 billion, the highest since January this year.
Zhang Liqun, a researcher at the Development Research Centre of the State Council, said the improvement in exports was related to a stable yuan and government policies.
Chinese authorities have exempted all outbound goods, transport vehicles and containers from inspection and quarantine fees (at customs) from Aug 1 to Dec 31 this year.
In August, imports and exports with the European Union, China’s largest trade partner, rose 3.2 percent, while those with the US, China’s second-largest trade partner, rose 9.2 percent.
Trade with ASEAN members increased 13.3 percent, even though its trade with Japan shrank 6 percent during the period.
The data released Sunday also showed exports of electronics and machinery products grew by 6.7 percent to reach $106.45 billion in August, accounting for 55.9 percent of total exports.