Home breadcru News breadcru Import/Exports breadcru China's international trade drops 6% YoY to 4.24 trn yuan in Dec 2022

China's international trade drops 6% YoY to 4.24 trn yuan in Dec 2022

21 Jan '23
1 min read
Pic: Shutterstock/ cdrin
Pic: Shutterstock/ cdrin

China’s international trade including that of goods fell by 6 per cent year-on-year (YoY) in December 2022—reaching 4.24 trillion yuan (around $606.9 billion), as per the State Administration of Foreign Exchange (SAFE).

The East Asian country exported goods worth 2.05 trillion yuan and imported products valued at about 1.65 trillion yuan. The nation’s imports and exports for the period led to China earning a surplus of 402.2 billion yuan, according to several local media reports.

Earlier, China's total goods trade in 2022 hit a record 42.07 trillion yuan, up by 7.7 per cent YoY, topping the world for six consecutive years, according to the general administration of customs (GAC).

At that time, the country's imports and exports with the Association of Southeast Asian Nations (ASEAN), the European Union, and the United States gained 15 per cent, 5.6 per cent, and 3.7 per cent, respectively.

ALCHEMPro News Desk (NB)

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