China''s foreign trade hits $1.37 trillion in Jan-Aug ''07

Mumbai: China''s foreign trade hit $1.37 trillion during the first eight months of the current year while its trade surplus in August rose nearly 33 per cent year-on-year to $24.98 billion, latest customs figures showed.

The figure was slightly higher than the $24.36 billion in July but short of the record $26.91 billion in June, figures from the General Administration of Customs said.

In August, exports reached an all-time high of $111.4 billion, up 22.7 per cent year-on-year yet down 11.5 percentage points over July. Imports grew 20 per cent to $86.4 billion, also a record high.

China''s trade volume totaled $1.37 trillion during January-August of 2007, up 24 per cent on last year, the report said.