Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Trade

China's foreign trade maintains stable growth in Q1

April 12, 2019


Abstract : China's foreign trade registered stable growth in the first quarter thanks to a robust performance in March, customs data showed Friday.

BEIJING, April 12 (Xinhua) -- China's foreign trade registered stable growth in the first quarter thanks to a robust performance in March, customs data showed Friday.

China's foreign trade of goods climbed 3.7 percent year on year in Q1 to 7.01 trillion yuan (1.04 trillion U.S. dollars), the General Administration of Customs (GAC) said.

Exports increased by 6.7 percent year on year to 3.77 trillion yuan in the first three months, while imports went up by 0.3 percent to 3.24 trillion yuan, the GAC said.

The stable growth was partly driven by a rapid increase in trade volume in March, which jumped by 9.6 percent year on year to 2.46 trillion yuan, said Li Kuiwen, spokesperson for the GAC.

Exports surged by 21.3 percent in yuan terms last month, while imports dipped by 1.8 percent, GAC data showed.

Exports and imports of products under the general trade category rose 6 percent year on year in Q1 to 4.17 trillion yuan, accounting for 59.6 percent of the total foreign trade, 1.3 percentage points higher than the same period last year, customs data showed.

In Q1, China's trade with the European Union, ASEAN countries and Japan increased 11.5 percent, 8.1 percent and 3.2 percent, respectively, while trade with countries along the Belt and Road registered faster-than-average growth, with the combined trade volume standing at 2 trillion yuan, up 7.8 percent year on year.

"The potential for trade cooperation between China and other Belt and Road countries has been unleashing, which is becoming a new driver for China's trade growth," Li said.

Scan the QR code and push it to your mobile phone

Keyword: China-foreign-trade

Reading:

China's NEV sales double in March: CPCA

Shenyang FTZ undergoes leap-forward development

China Henan's foreign trade with countries along B&R hit 66.58 bln USD in past 5 yrs

China's listed companies invest heavily in R&D in 2018

Across China: Belt and Road brings Kazakh grain to China

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial