Home breadcru News breadcru Import/Exports breadcru China's exports jumped 13.8% YoY to 17.67 trn yuan in 2022

China's exports jumped 13.8% YoY to 17.67 trn yuan in 2022

25 Oct '22
1 min read
Pic: Shutterstock/ cdrin
Pic: Shutterstock/ cdrin

China’s imports rose by 5.2 per cent year-on-year (YoY) to 13.44 trillion yuan, while its exports touched 17.67 trillion yuan after an annual increase of 13.8 per cent. The country’s trade surplus during the period jumped 53.7 per cent YoY, totalling to 4.23 trillion yuan.

The combined import and export value increased by 8.3 per cent compared to 2021, which is around 3.81 trillion yuan in September 2022, as per recent data from the General Administration of Customs China (GACC). Moreover, the nation’s trade surplus in the same month was 573.57 billion yuan, an increase of 29.9 per cent YoY.

In the first three quarters of 2022, China’s imports and exports were worth 31.11 trillion yuan (around $4.29 trillion), a 9.9 per cent rise from the previous year.

ALCHEMPro News Desk (NB)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!