China's trade surplus surged 47.7 percent over a year earlier to reach a record 262.2 billion U.S. dollars in 2007, the General Administration of Customs said Friday.
The administration also pointed out the country's soaring trade surplus eased a bit in the fourth quarter last year, with imports catching up and exports slowing down.
The trade surplus growth was 69.4 percent for the first three quarters of this year and up to 75 percent in 2006.
In 2007, export rose 25.7 percent to 1.22 trillion U.S. dollars, and import climbed 20.8 percent to 955.8 billion U.S. dollars, the administration said.
The export growth was 1.5 percentage points lower than in 2006, while the import growth posted a gain of 0.9 percentage points.
The December trade surplus was 22.69 billion U.S. dollars, down 14.2 percent from the previous month.
The total foreign trade hit a new high of 2.17 trillion U.S. dollars last year, up 23.5 percent from a year earlier, according to the administration.
The country's trade surplus for 2006 stood at 177.47 billion U.S. dollars.
Source: Xinhua
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