Trade surplus hits $64m

The nation's trade surplus climbed to US$64 million in the first 10 months of the year, according to the General Department of Customs.

Total trade topped $187.5 billion during the period, an increase of 12.5 per cent over the corresponding period last year. However, exports rose at a faster pace, totalling $93.8 billion, an increase of 19 per cent, while imports rose to $93.7 billion, an increase of 6.7 per cent.

The trade surplus in October alone was $662 million, Customs reported. Foreign-invested enterprises accounted for 55 per cent of the nation's export value during the 10-month period, with exports toalling $52 billion, an increase of 36 per cent over the same period last year. Meanwhile, the import value of foreign-invested enterprises rose 24 per cent to $49 billion, accounting for 53 per cent of the nation's total imports

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