Home breadcru News breadcru Import/Exports breadcru China's imports, exports worth $980 bn in Jan-Feb 2022, up 13.3% YoY

China's imports, exports worth $980 bn in Jan-Feb 2022, up 13.3% YoY

10 Mar '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

China's imports and exports totaled 6.2 trillion yuan ($980 billion) in the first two months of 2022, up by 13.3 per cent from a year ago, according to the country’s general administration of customs, which recently said exports over the period surged by 13.6 per cent year on year (YoY) to 3.47 trillion yuan, while imports hit 2.73 trillion yuan, growing by 12.9 per cent.

Li Kuiwen, director-general of GAI's statistics and analysis department, said the figures reflect a stable performance of the nation's foreign trade at the beginning of the year, despite increasingly complex external conditions, according to official Chinese media.

The achievement was primarily due to the strong resilience of the Chinese economy, which has long-term healthy fundamentals, as well as the effects of policy measures targeted at stabilizing growth, he added.

ALCHEMPro News Desk (DS)

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