The surplus of China's foreign trade balance in the first half of the year increased by 41.6%

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The volume of China's exports in the first half of the year, according to the General Customs Administration, grew by 6.1% compared with the same period a year earlier. The import volume increased by 1.4%. China's foreign trade surplus was 1.237 trillion yuan, up 41.6% over the year. The volume of foreign trade of the country for the period increased by 3.9%. At the same time, in June, in China, imports fell by 0.4% for the month, and in dollar terms, the indicator fell by 7.3%. Exports in monthly terms grew by 1.3% and by the same 1.3% in monetary terms. In June, goods and services were delivered from the USA to China by 31.4% less than in the previous month, while exports to the USA fell by 7.8%. This led to the largest surplus in 2019 of 29.9 billion dollars. Iron ore supplies to China fell by 10% compared with May to the lowest level since February 2016. Deliveries of soybeans and copper concentrate also showed a decline.

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