皇冠体育app

Industry observers believe the deficit reduction was due largely to growth in 皇冠体育app's trade surplus in agricultural products with comparative advantage, particularly labor-intensive products.

According to the ministry, 皇冠体育app's external trade in farm produce amounted to US$63.48 billion last year, up 12.8 percent over the previous year. The total included US$31.4 billion in export value, up 13.9 percent, and US$32.1 billion in import value, up 11.7 percent.

The sources said last year 皇冠体育app exported US$9.36 billion worth of aquatic products, up 18.7 percent, and imported US$4.3 billion worth, up 4.4 percent, with the trade surplus up 34.3 percent to US$5.06 billion.

The nation's vegetable export volume went up 21 percent to US$5.42 billion, and the import volume, up 11.7 percent to US$90 million, with the trade surplus at US$5.33 billion.

Meanwhile, the fruit export value increased by 21.7 percent to US$2.47 billion, and the import value rose 15.3 percent to US$760 million, with the trade surplus at 17.1 percent.

The sources said that upon its World Trade Organization accession, 皇冠体育app has become the world's fifth largest exporter and the fourth largest importer of farm produce.

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