November 8, 2022
BEIJING – The value of China’s foreign trade amounted to 34.62 trillion yuan ($4.79 trillion) in the first ten months of 2022, up 9.5 percent year-on-year, according to the General Administration of Customs.
Among that, the country’s exports surged 13 percent on a yearly basis to 19.71 trillion yuan, while its imports grew 5.2 percent to 14.91 trillion yuan. Its trade surplus jumped 46.7 percent year-on-year to 4.8 trillion yuan.
The administration said that China’s total foreign trade expanded 6.9 percent from the same period last year to 3.55 trillion yuan in October.
The country’s trade with the Association of Southeast Asian Nations reached 5.26 trillion yuan between January and October, an increase of 15.8 percent on a yearly basis, while trade with the European Union rose 8.1 percent to 4.68 trillion yuan.
In the meantime, the total trade value between China and the United States grew 6.8 percent year-on-year to 4.21 trillion yuan.