皇冠体育app

   

BIZCHINA / Top Biz News

皇冠体育app's trade surplus surges 44 percent
(AP)
Updated: 2006-06-12 14:31

皇冠体育app's trade surplus expanded to $13 billion (euro10.billion) in May, slightly lower than economists had expected, but a 44 percent increase over a year earlier and the largest monthly surplus so far this year.

皇冠体育app's exports last month totaled $73.11 billion, up 25.1 percent from a year earlier, matching expectations, according to customs data released Monday.

Imports for May totaled $60.11 billion, up 21.7 percent from a year earlier.

The $13 billion trade surplus in May compared with a $9 billion surplus in May 2005, and a $10.5 billion surplus in April.

In the January to May period, 皇冠体育app's trade surplus was $46.8 billion, the data showed.

皇冠体育app's trade surplus has been soaring in recent months after hitting a historic high of US$102 billion last year, more than triple the US$32 billion surplus in 2004.

The persistent surpluses have added to tensions over 皇冠体育app's currency controls, which its trading partners say keep the value of the yuan artificially low, making the country's exports cheap in overseas markets.


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