BEIJING : According to figures released by the State Administration of Foreign Exchange, China’s total trade exchange reached 5.28 trillion yuan (approximately US$758 billion) during the month.
The goods sector was the main contributor to the surplus, posting a positive balance of 853.3 billion yuan. Exports stood at 2.66 trillion yuan, significantly outpacing imports and underpinning the overall trade performance.
This robust surplus in goods trade helped offset a deficit in the services sector, which widened to 96.6 billion yuan. The services shortfall was attributed to higher imports of services compared to exports during the same period.
China achieved a substantial trade surplus of $107 billion in December, driven by strong goods exports. The total trade exchange reached 5.28 trillion yuan, with goods exports significantly outpacing imports. This surplus in goods trade effectively counterbalanced a services sector deficit, which widened due to increased imports of services.