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
Economy

China's foreign trade up 7.7 pct in 2022 to new high

January 13, 2023


Abstract : China's total goods imports and exports hit record high again in 2022, expanding 7.7 percent year on year to 42.07 trillion yuan (about 6.25 trillion U.S. dollars), official data showed Friday.

This aerial photo taken on Dec. 7, 2022 shows the container terminal at Lianyungang Port, east China's Jiangsu Province. (Photo by Wang Chun/Xinhua)

BEIJING, Jan. 13 (Xinhua) -- China's annual foreign trade value topped 40 trillion yuan (about 5.94 trillion U.S. dollars) for the first time in 2022, as the country works to better coordinate epidemic response with economic and social development amid complex and severe domestic and international situations, official data showed Friday.

Total goods trade reached a record 42.07 trillion yuan, up 7.7 percent year on year, topping the world for six consecutive years, according to the General Administration of Customs (GAC).

Exports rose 10.5 percent to 23.97 trillion yuan, and imports went up 4.3 percent to 18.1 trillion yuan.

China's foreign trade delivered breakthroughs in scale, quality and efficiency last year, which is a hard-won feat considering headwinds in demand, supply and expectations, GAC spokesperson Lyu Daliang said.

China's imports and exports with ASEAN, the European Union and the United States gained 15 percent, 5.6 percent and 3.7 percent, respectively.

China's trade with Belt and Road countries climbed 19.4 percent to account for 32.9 percent of its total foreign trade, while trade with other members of the Regional Comprehensive Economic Partnership rose 7.5 percent.

Scan the QR code and push it to your mobile phone

Keyword: foreign trade

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