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China's exports up 7.1% YoY to $3.55 trn in 2024: Govt

02 Feb '25
1 min read
China's exports up 7.1% YoY to $3.55 trn in 2024: Govt
Pic: Adobe Stock

Insights

  • China's exports grew by 7.1 per cent year on year (YoY), reaching $3.55 trillion last year—the eighth year of growth in a row, according to data released by the General Administration of Customs.
  • Goods were shipped to over 160 countries and regions.
  • Exports to ASEAN members and nations participating in the Belt and Road Initiative grew by 13.4 per cent and 9.6 per cent respectively.
China’s exports grew by 7.1 per cent year on year (YoY), reaching 25.45 trillion yuan ($3.55 trillion) last year—the eighth year of growth in a row, according to data released by the General Administration of Customs (GAC).

Goods were shipped to over 160 countries and regions.

Exports to Brazil, the United Arab Emirates and Saudi Arabia increased by 23.3 per cent, 19.2 per cent and 18.2 percent YoY respectively.

Exports to members of the Association of Southeast Asian Nations (ASEAN) and nations participating in the Belt and Road Initiative grew by 13.4 per cent and 9.6 per cent respectively, a state-controlled news agency reported.

Meanwhile, exports to the European Union and the United States rose by 4.3 per cent and 6.1 per cent respectively last year.

The government feels exports are expected to be resilient and dynamic.

ALCHEMPro News Desk (DS)

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