Business / Macro

China's exports expand 9.4% in August

(Xinhua) Updated: 2014-09-08 11:09

In the first eight months, China's central and western regions saw faster growth rates in export than traditional exporting regions in the east, GAC said in the statement.

Yunnan, Chongqing, Shaanxi, Guangxi and Hunan saw their exports till the end of August growing by 49.5 percent, 45.7 percent, 34.2 percent, 28.2 percent and 26.4 percent, respectively.

GAC data showed that China's import value of commodity products continued to fall, despite a rising import volume, owing to decline in global commodity prices.

In Jan-Aug, China imported 201 million tons of crude oil, up 8.4 percent year-on-year, at an average price of 4,796 yuan per ton. Iron ore imports rose 16.9 percent from a year earlier to 614 million tons, at an average price of 681 yuan per ton, down 16 percent year-on-year.

China's coal imports contracted 5.3 percent to 202 million tons in the first eight months, at an average price of 480.5 yuan per ton, down 15.3 percent from a year ago.

In the first eight months, China's grain imports jumped 24.4 percent to 671 million tons. Of that, soybean imports totaled 477 tons, up 16.2 percent from a year earlier, customs data showed.

 

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