Beijing (TDI): China’s foreign trade posted a year-on-year growth of 5.3 percent, reaching 32.33 trillion yuan ($4.57 trillion) in the first three quarters of 2024, according to data released by the General Administration of Customs (GAC) on Monday.
The country’s exports recorded a significant rise of 6.2 percent, amounting to 18.62 trillion yuan, while imports grew by 4.1 percent to 13.71 trillion yuan over the same period.
This marks a record-breaking performance, as China’s foreign trade surpassed 10 trillion yuan in each of the three quarters.
Trade volume with over 160 countries and regions witnessed sustained growth, said Wang Lingjun, Vice Minister of the GAC, during a press briefing in Beijing.
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Wang noted that China’s export structure has been further refined, with exports of high-tech equipment surging over 40 percent year-on-year from January to September.
Additionally, the export of electro-mechanical products rose by 8 percent, totalling 11.03 trillion yuan, and now constitutes 59.3 percent of the nation’s total exports, according to the administration.
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This robust performance underscores China’s expanding role in the global trading system, driven by advances in technology and growing partnerships worldwide.
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