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BEIJING - China's trade surplus hit 26.91 billion dollars in June, a rise of 85.5 percent year-on-year and the highest monthly figure on record, official data showed Tuesday.
Exports for June were put at 103.27 billion dollars and imports 76.36 billion dollars, the customs administration said in a statement on its website.
China posted a trade surplus of 112.53 billion dollars in the first six months of 2007, as exports hit 546.73 billion dollars and imports 434.2 billion dollars, it said, without giving comparative data.
But based on previously released figures, the June surplus was 85.5 percent higher than the same month last year and the six-month figure was 83.1 percent larger than the corresponding period in 2006.
China's official Xinhua news agency also reported that the June surplus had jumped 85.5 percent.
The June surplus far exceeded the previous monthly record high of 23.83 billion dollars set in October last year.
A senior analyst at the customs administration had said last week that one of the reasons for the then anticipated June rise was that manufacturers had rushed to ship orders before the end on July 1 of export tax rebates.
The government announced on June 19 that it would cut or remove export tax rebates for 2,831 commodities, or a third of total exports, from the beginning of this month in another effort to bring some balance to the trade account.
The move came after China imposed extra export tariffs and slashed import duties as of June 1, which led to a similar export boom and lifted May's trade surplus by 73 percent to 22.45 billion dollars, then the third-highest ever.
China's huge trade surplus, which soared 74.2 percent to 177.5 billion dollars last year, has been a constant source of friction with its major trading partners, mainly the United States and the European Union.
Beijing has been constantly accused of keeping the Chinese currency artificially low to make exports cheap, giving its exporters an unfair competitive edge. - AFP/ir
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