Foreign trade maintains steady growth
Print Edition
CHINA’S foreign trade has continued to show upward momentum since the start of the fourth quarter of 2023 as positive factors constantly accumulated amid steady economic recovery, according to General Administration of Customs data yesterday.
The country’s total foreign trade value logged positive year-on-year growth for two consecutive months, GAC official Lu Daliang said, noting that the sector continued to consolidate the momentum of stable and sound development.
In November, data showed that China’s total goods imports and exports expanded 1.2 percent year on year. The growth pace was 0.3 percentage points faster than that in October.
With a total foreign trade value of 3.7 trillion yuan (US$519.84 billion) last month, the country’s exports grew 1.7 percent on year to 2.1 trillion yuan, while imports edged up 0.6 percent yearly to 1.6 trillion yuan.
During the January-November period, the country’s foreign trade stayed unchanged compared to one year earlier, at 37.96 trillion yuan, according to the data.
During the period, China’s trade with its largest trade partner, the Association of Southeast Asian Nations, rose 0.1 percent on year to 5.8 trillion yuan, accounting for 15.3 percent of the country’s total trade value.
China’s imports from its second-largest trade partner, the European Union, grew 5 percent to 1.81 trillion yuan during the period, while its trade surplus with the EU narrowed by 16.7 percent to 1.41 trillion yuan.
Trade with Latin American, African, and Central Asian countries grew 9.3 percent, 8.4 percent, and 43 percent, respectively.
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