China's Foreign Trade Tops Record $4.6Trln in 2018 - Customs

China's exports grew by 9.9 percent to $2.48 trillion, and imports increased by 15.8 percent to $2.14 trillion, he added.

China's global trade volume rose previous year but its surplus with the world fell 16.2% to $351.76 billion in 2018, as imports rose 15.8% while exports gained 9.9%.

Exports rose 7.1 per cent, customs data showed Monday, down from the 7.9 per cent reported earlier for 2017.

In 2017, the trade difference between the two world's largest economies was $275.8 billion in China's favor.

The surplus surged despite the Trump administration imposing tariffs on almost $250 billion of goods made in China.

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Traditionally China imports vast quantities of American soybeans in the second half of the year, long making it the most valuable import from the US.

A large U.S. delegation ended a three-day visit to Beijing last week in the first face-to-face trade talks since Trump and Chinese leader Xi Jinping in December pledged a three-month truce in the escalating tariff spat. China's surplus is the U.S.'s trade deficit.

Chinese exporters also face pressure from cooling consumer demand in other global markets.

Chinese exports and imports fell last month, indicating USA tariffs are beginning to impact the world's number two economy.

US President Donald Trump has repeatedly slammed China's trade surplus with the US and the country's allegedly unfair trade practices.

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