Sunday, April 11, 2021

A 32.2% increase in the volume of China’s foreign trade in the first two months of the year

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Official data showed on Sunday that total imports and exports of Chinese goods increased 32.2 percent year on year to reach 5.44 trillion yuan (about 838.16 billion US dollars) in the first two months of 2021, maintaining the growth momentum in the previous months.

The General Authority of Customs said exports jumped 50.1 percent, while imports rose 14.5 percent, in terms of yuan.

In February alone, China’s total foreign trade reached 2.42 trillion yuan, up 57 percent over last year, according to the authority.

The country saw double-digit growth in its foreign trade volume with its major trading partners in January and February. The Association of Southeast Asian Nations remained China’s largest trading partner during the period, with combined trade volume up 32.9 percent year on year.

Other major trading partners such as the European Union, the United States and Japan saw the volume of trade with China rise by 39.8 percent, 69.6 percent and 27.4 percent, respectively.

Meanwhile, China’s foreign trade with countries along the Belt and Road reached 1.62 trillion yuan in the first two months, up 23.9 percent year on year.

The imports and exports of private enterprises reached 2.57 trillion yuan during the same period, up 49.5 percent year on year, and accounting for 47.2 percent of the nation’s total.

The article, 32.2%, a rise in China’s foreign trade volume in the first two months of the year was written in the Stock Exchange newspaper.

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