China's exports fell 2.8 per cent in August

China, the world's top exporter, continued to suffer due to lacklustre demand in overseas markets as its exports fell by 2.8 per cent in August, officials said today.
Exports fell 2.8 per cent in USD terms from the same period a year ago, data released by the General Administration of Customs today said.
However, imports rose 1.5 per cent in August, against a 12.5 per cent fall in July.
The trade surplus in August was totalled to USD 52.05 billion from July's USD 52.3 billion.
However, official media said China's exports in yuan- denominated terms rose 5.9 per cent year on year in August, while imports increased 10.8 per cent.

Yuan continued to face pressures against USD ever since the four per cent devaluation was made last year to make the declining exports more competitive for exporters.

Foreign trade in the first eight months was down 1.8 per cent from a year earlier, with exports dropping one per cent and imports falling 2.9 per cent.
Trade surplus for the first eight months widened five per cent from a year earlier to 2.31 trillion yuan, state-run Xinhua news agency reported.
Foreign trade with the EU, China's biggest trade partner, climbed 3.5 per cent year on year in the first eight months, GAC data showed.

In the same period, foreign trade with the US, China's second-biggest trade partner, fell 3.2 per cent, and that with ASEAN, its third-largest trade partner, declined 1.1 per cent.
With exporting goods valuing at USD 2,342 billion in 2014, China is the world's leading exporter followed by the US.