China's global trade surplus fell 16.2% in 2018 — Customs

Wednesday, January 16, 2019

Print this page Email A Friend!

BEIJING, China (AFP) — China's global trade volume rose last year but its surplus fell again, as its imports outpaced its exports, official data released Monday showed.

Total trade reached US$4.62 trillion, a 12.6 per cent rise from 2017, according to Customs data.

But the trade surplus in the world's second largest economy fell 16.2 per cent to US$351.76 billion, as imports rose 15.8 per cent while exports gained 9.9 per cent.

“China's foreign trade has developed in a steady manner with progress witnessed, reaching a record high in import and export volume,” said Li Kuiwen, spokesman for the Customs Administration.

China's surplus with the US is a hot-button issue with the administration of US President Donald Trump, which slapped new import tariffs on billions of US dollars worth of Chinese goods last year.

Customs has not yet released information on US-China bilateral trade, but China's imports of soybeans fell by 7.9 per cent last year to 88 million tons.

Traditionally China imports vast quantities of American soybeans in the second half of the year — but the buying fell off after China hit US soybeans with a 25 per cent retaliatory import tariff this summer.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon