China Foreign Trade Continues to Grow in June

China Foreign Trade Continues to Grow in June

Despite the impact brought on by COVID-19, China’s foreign trade in goods registered growth in the past 13 months in a straight.

According to Chinadaily, China’s foreign trade in goods turned out to be 3.29 trillion yuan ($508.63 billion) In June, up 22 percent from a year earlier.

Data released by the General Administration of Customs also shows that total foreign trade in goods totaled 18.07 trillion yuan (US$2.79 trillion) during the first half of the year, up 27.1 percent from a year prior.

Exports surged 28.1 percent year-on-year to 9.85 trillion yuan (US$1.52 trillion), and imports by 25.9 percent to 8.22 trillion yuan (US$1.27 trillion).

Compared to the same period in 2019, the nation’s total foreign trade, exports and imports expanded by 22.8, 23.8 and 21.7 percent, respectively.

China’s foreign trade with major trading partners has also maintained a sound growth momentum.

Its trade with the Association of Southeast Asian Nations, the European Union and the United States reached 2.66, 2.52 and 2.21 trillion yuan during the first six months of the year, respectively. That meant year-on-year growth rates of 27.8，26.7 and 34.6 percent.

Trade with Japan totalled 1.18 trillion yuan (US$182.47 billion), up 14.5 percent during the period, while trade with the Belt and Road Initiative economies and member countries of the Regional Comprehensive Economic Partnership increased by 27.5 and 22.7 percent, respectively.

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