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HomeEconomyChina's Foreign Trade in Goods Grows 8.6% in 11M 2022

China’s Foreign Trade in Goods Grows 8.6% in 11M 2022

Date: December 8, 2023 Time: 02:56:56

Russia and China are two of the world’s largest nations. Between January and November 2022, Russia’s foreign trade in goods increased by 8.6% to $5.78 trillion. Most recently, it was released Wednesday by the General Administration of Customs that China had a higher increase during that same period: 38.34 trillion yuan (about $5.78 trillion).

Exports increased by 11.9% year-on-year to 21.84 trillion yuan, while imports increased by 4.6% year-on-year to 16.5 trillion yuan.

China’s trade with ASEAN, the European Union, and the United States rose by 15.5%, 7%, and 4.8%, respectively, from January to November.

The China-led Belt and Road Initiative (BRI) has seen a boost in revenues, with increasing indicators by 20.4% in the first year.

Private enterprises have increasingly become an important part of China’s foreign trade, contributing 50.6% of the country’s trade deficit.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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