NEWS

China’s import and export of goods trade increased by 8.7%

In the first two months, China’s import and export of goods trade increased by 8.7% year-on-year, hitting a record high for the same period in history.

On March 7th, it was reported by the General Administration of Customs that in the first two months of this year, China’s goods trade volume reached a new high for the same period in history, marking a good start for foreign trade.

Data released by the General Administration of Customs shows that in the first two months of this year, the total value of China’s goods trade imports and exports was 6.61 trillion yuan, up by 8.7% year-on-year. Among these, exports were 3.75 trillion yuan, an increase of 10.3%; imports were 2.86 trillion yuan, up by 6.7%.

In the first two months of this year, China’s exports grew rapidly, consolidating its competitive advantage. Exports of advantageous products such as automobiles, household appliances, and ships increased by 15.8%, 24.3%, and 180.6%, respectively.

In terms of imports, the volume of bulk commodities such as energy and metal ores increased by 13.8% and 7.2%, respectively, ensuring the need of domestic production. Imports of wearable consumer goods like textiles and clothing, jewelry, as well as consumable goods like fresh and dried fruits, and beef saw significant growth, enriching the choices for residents’ consumption.

Looking at trade partners, China’s imports and exports to countries participating in the “Belt and Road” initiative amounted to 3.13 trillion yuan, up by 9%, accounting for 47.3% of China’s total import and export value. Among these, trade with ASEAN reached 993.24 billion yuan, an increase of 8.1%; trade with the five Central Asian countries amounted to 95.09 billion yuan, up by 26%. Trade with other RCEP member countries reached 1.94 trillion yuan, an increase of 3.5%.

INQUIRY NOW

If you have any questions, please leave your contact information and we will reply to you as soon as possible.

Send Inquiry Send Email Whatsapp