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China's Foreign Trade of Goods up 10.4pc in First 7 Months of 2022
China's Foreign Trade of Goods up 10.4pc in First 7 Months of 2022

China's Foreign Trade of Goods up 10.4pc in First 7 Months of 2022

Beijing, 7 Aug (ONA) --- China's foreign trade of goods jumped 10.4 percent year on year to 23.6 trillion yuan (about USD 3.5 trillion) during the first seven months of 2022, official data showed today.

According to Xinhua News Agency, Exports rose 14.7 percent year on year to 13.37 trillion yuan, while imports increased 5.3 percent from a year ago to 10.23 trillion yuan, according to the General Administration of Customs (GAC).

During the period, China's trade with the Association of Southeast Asian Nations, the European Union and the United States, expanded by 13.2 percent, 8.9 percent and 11.8 percent from a year ago, respectively.

From January to July 2022, China's trade with Belt and Road countries and other members of the Regional Comprehensive Economic Partnership (RCEP) soared by 19.8 percent and 7.5 percent year on year.

In July, trade with RCEP partners reached 1.17 trillion yuan, up 18.8 percent year on year, boosting the overall foreign trade growth by 5.6 percentage points, said Li Kuiwen, spokesperson for the GAC.

--- Ends/Hilal/Khalid

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