China's trade surplus hits $185.7 bln in first 9 months 2007-10-12 13:07:31   Print

    BEIJING, Oct. 12 (Xinhua) -- China's trade surplus hit 185.65 billion U.S. dollars in the first nine months, surpassing the full-year figure in 2006, the General Administration of Customs said Friday.

    September's trade surplus, though 1.06 billion U.S. dollars less than the previous month, reached 23.91 billion U.S. dollars, up 56.3 percent from the same period a year ago.

    Last year, China's trade surplus soared 74.2 percent to a record 177.47 billion U.S. dollars.

    Exports in the Jan.-Sept. period rose 27.1 percent year on year to 878.2 billion U.S. dollars, while imports were up 19.1 percent to 692.6 billion U.S. dollars.

    This year's trade volume is likely to reach a record two trillion U.S. dollars, compared with 1.76 trillion U.S. dollars in2006, said analysts.

    With government restrictions on exports of natural resources, China's exports of crude oil in the first nine months dropped 49.3 percent to 2.44 million tons.

    Meanwhile, imports of crude oil rose 13.6 percent to 1.24 trillion tons, while imports of refined oil dropped eight percent to 26.8 million tons.

    The oil imports were worth a total of 63.7 billion U.S. dollars.

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Editor: An Lu
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