Trade surplus dips 10% to USD 20.2 Bln

According to the General Administration of Customs on Wednesday, China's trade surplus reached 20.2 billion US dollars in May, down 10 percent from the same month last year. Exports in May rose more than 28 percent year-on-year to 120.5 billion US dollars.

While imports rose 40 percent to 100.3 billion US dollars. The EU was China's largest trading partner in the first five months of 2008, followed by the United States. The Chinese government said last week the nation's trade surplus is likely to shrink in 2008 for the first time in five years on weakening exports. And that's mainly due to the rising local currency and the US economic slowdown. (OUT)

TRADE SURPLUS DIPS 10%

Trade Surplus $20.2 bln 10% DOWN

Exports $120.49 bln 28.1% UP

Imports $100.29 bln 40% UP

(Source: General Administration of Customs)