China Dec trade surplus widens to $16.5bn from Nov; imports slow

10 January 2012 05:22  [Source: ICIS news]

(recasts paragraph 5 for clarity)

SINGAPORE (ICIS)--China’s trade surplus widened to $16.5bn (€12.9bn) in December last year from the previous month as exports grew faster than imports, official data showed on Tuesday.

In November, the country's trade surplus stood at $14.5bn, data from China Customs showed.

Exports rose 13.4% year on year to $174.7bn in December, slightly slower than the 13.8% growth posted in November, according to the data.

Imports, on the other hand, increased by 11.8% to $158.2bn in December, nearly halving the 22.1% growth recorded in the previous month, the data showed.

For the whole of 2011, exports rose 20.3% year on year to $1,899bn, while imports grew by 24.9% to $1,743bn, according to China Customs.

($1 = €0.78)

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By: Nurluqman Suratman

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