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 grows at faster pace, trade with Central Asia surges

May 09, 2023


Abstract : China's foreign trade grew at a faster pace in the first four months of the year amid uncertain external demand, trade risks and other challenges.

BEIJING, May 9 (Xinhua) -- China's foreign trade grew at a faster pace in the first four months of the year amid uncertain external demand, trade risks and other challenges.

China's total imports and exports expanded 5.8 percent year on year to 13.32 trillion yuan (about 1.92 trillion U.S. dollars) in the period, the General Administration of Customs (GAC) said Tuesday. The growth rate accelerated by 1 percentage point from the pace recorded in the first quarter.

Exports grew 10.6 percent year on year while imports rose 0.02 percent in the first four months, it added.

From January to April, the growth rate of China's trade with the Association of Southeast Asian Nations and the European Union stood at 13.9 percent and 4.2 percent, respectively, the data showed.

China's trade with Belt and Road countries jumped by 16 percent year on year to 4.61 trillion yuan in the period.

In particular, the country's trade with five Central Asian countries -- Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan -- surged 37.4 percent, partly making up for the weak demand in traditional markets.

Private enterprises saw a fast growth rate as imports and exports increased by 15.8 percent to 7.05 trillion yuan in the first four months, accounting for more than half of the country's total.

In terms of types of goods, exports of mechanical and electrical products expanded by 10.5 percent to account for 57.9 percent of the total exports.

Driven by robust exports of new energy vehicles, automobile exports soared 120.3 percent year on year during the period.

A monthly customs survey showed that the proportion of enterprises with growing export orders had increased for four consecutive months.

In April alone, foreign trade increased 8.9 percent year on year, according to the GAC.

Scan the QR code and push it to your mobile phone

Keyword: foreign trade

Reading:

NW China's Horgos sees commercial vehicle export via highway up 62.3 pct y-o-y in Jan.-April

"Chinese Bridge" competition for university students concludes in N. Egypt

【Financial Str. Release】China's central bank adds liquidity via reverse repos

Chinese yuan weakens to 6.9255 against USD Tuesday

Foreign filmmaker learns about traditional Chinese culture in ancient town

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