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Tuesday, February 7, 2023
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: February 7, 2023 Time: 21:41:59

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.

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