Data from the General Administration of Customs or other official Chinese government sources

China's Foreign Trade Expands 6% to $4.02 Trillion in First Eight Months of 2024

Sep 10, 2024, 05:00 AM

China's total goods imports and exports expanded by 6% year-on-year to 28.58 trillion yuan (approximately $4.01 trillion) in the first eight months of 2024, according to data from the General Administration of Customs. ASEAN has remained China's largest trading partner, followed by the EU and the US. Trade with ASEAN countries soared 10% to 4.5 trillion yuan, accounting for 15.7% of China's total trade. Exports rose 6.9% to 16.45 trillion yuan, while imports increased by 4.7% to 12.13 trillion yuan. Trade between China and the US totaled 3.15 trillion yuan ($432 billion), up by 4.4% year-on-year, making the US China's third-largest trading partner. The total trade value in dollar terms is approximately $4.02 trillion.