China’s total goods imports and exports expanded 6.2 per cent year-on-year in the first seven months of this year to 24.83 trillion yuan ($3.46 trillion), data from the General Administration of Customs showed on Wednesday.
According to the administration, the country’s exports rose 6.7 per cent year-on-year to 14.26 trillion yuan, while imports climbed 5.4 per cent to 10.57 trillion yuan.
In the first seven months, the Association of Southeast Asian Nations remained China’s largest trade partner. The administration said that China’s trade with ASEAN economies climbed 10.5 per cent year-on-year to 3.92 trillion yuan, accounting for 15.8 per cent of the country’s total trade value.
In the January-July period, China’s trade with the European Union crawled up 0.4 per cent from a year earlier, while the country’s trade with the United States climbed 4.1 per cent year-on-year, the data showed.
During the same period, China’s trade with countries and regions involved in the Belt and Road Initiative amounted to 11.72 trillion yuan, which witnessed a year-on-year increase of 7.1 per cent, according to the data.
China saw steady export growth of such mechanical and electrical products as data processing devices, cell phones and automobiles during this period, which rose 8.3 per cent to 8.41 trillion yuan and accounted for 59 per cent of the country’s total exports. In particular, exports of automobiles totalled 462.86 billion yuan, up 20.7 per cent year-on-year.
