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An increase in the deficit to £1.4bn is expected, reflecting lower export volumes last month.
Its import and export volumes have been first for the last nine consecutive years.
However, export volume began to decline as the country's forest resources were depleted.
Total export volume, which removes changes in exchange rates, fell 15 percent, the 12th straight decline.
Its export volume is increasing by 100 percent annually.
After the war, the rural exodus broke the growth that took place where the export volume increased by 25%.
Devaluation would also have less impact on export volume than is widely assumed.
The influx of new investment has paid off in quality and in export volume.
Many mainland companies exaggerate their export volume to claim tax credits.
Yesterday's trade figures showed clearly that export volumes were at record levels even in a worldwide economic downturn.
Other reports have described much greater export volumes to the US and Europe.
The import and export volume of China's biopharmaceutical products was 377 million dollars in 2007, increased by 48% as compared with last year.
In constant dollar terms we're projecting an increase of 9.2 percent in real export volume.
Imports grew 36 percent during the period, while total export volume in July increased by only 4.1 percent, the ministry said.
"At a time when the garment quota system has just been abolished, it's only natural that China's export volumes would rise."
The United States is the province's top exporter, buying $2.4 billion in products last year, or nearly 19 percent of its total export volume.
In the Russian Far East, scrap export volumes are running at double the 2003 levels.
The Conference resulted directly in the setting up of more than a thousand new sales agencies abroad and a considerably increased export volume.
Export volumes would probably not be affected.
To increase total import and export volumes by 35% within the five years, while expanding the scale of foreign investment and advanced technology.
The value of annual export volume was 100 billion yuan, accounting for 3% of the world's commodity trade.
Coffee prices plummeted, and Uganda was unable to make up the lost revenues by increasing export volumes.
Export volumes are expected to grow, but the current account is expected to be slightly larger as the full effects of devaluation work through.
And the government's decision to lift fuel oil exports quotas paves the way for an even higher jump in export volumes.
"Weaker sterling should boost export volumes and reduce import volumes," the Bank said.