Sponsored By

Chinese foreign trade up 4.9% in the first 11 months

China’s foreign trade increased by 4.9% year-on-year to RMB39.79 trillion ($5.48 trillion) between January and November, sustaining a stable growth.

Katherine Si, China Correspondent

December 12, 2024

1 Min Read
Yangshan port in China
Credit: Yangshan port

According to the statistics released by China's General Administration of Customs, exports increased 6.7% year-on-year to RMB23.04 trillion, while imports grew 2.4% to 16.75 trillion yuan.

Machinery and electronic products accounted for nearly 60% of the country's total exports in the first eleven months, while exports of automatic data processing equipment and components, integrated circuits, and vehicles all posting double-digit growth.

In the first eleven months, foreign trading between China and its major trade partners maintained stable growth. ASEAN remained as China's largest trading partner, followed by the EU, US and South Korea. 
China's trade with the Belt and Road Initiative countries and regions totalled in RMB18.74 trillion, an increase of 6% year-on-year.

Read more about:

ChinaUSA

About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like