BUSINESS China's foreign trade up 2.8 pct in first three quarters

BUSINESS

China's foreign trade up 2.8 pct in first three quarters

Xinhua

10:05, October 14, 2019

BEIJING, Oct. 14 (Xinhua) -- China's foreign trade maintained stable growth in the first three quarters of this year by expanding 2.8 percent year on year, the General Administration of Customs said Monday.

foreign trade.jpg

(File photo: Xinhua)

Total foreign trade volume reached 22.91 trillion yuan (about 3.23 trillion U.S. dollars) in the first 9 months. Exports expanded 5.2 percent while imports dropped 0.1 percent, GAC data showed.

China saw its trade surplus widen by 44.2 percent year on year to 2.05 trillion yuan during this period. 

The country's trade mix continued to improve during this period with the general trade growing both in volume and proportion. General trade grew 4.8 percent year-on-year and accounted for 59.5 percent of the total trade, 1.1 percentage points higher over one year ago.

Private firms made 9.69 trillion yuan of trade in the first 9 months, up 10.4 percent year on year and accounting for 42.3 percent of the country's total foreign trade.

Trade in the country's central and western regions outpaced the national average, GAC data showed. Twelve western provincial regions and six central provinces saw their trade grow 11.8 percent and 12.4 percent respectively during the Jan.-Sept. period.

China's foreign trade was generally stable with steady improvement, said GAC spokesperson Li Kuiwen.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue