Home breadcru News breadcru Import/Exports breadcru China's foreign trade jumps 6.9% YoY to 3.55 trn yuan in Oct 2022: GAC

China's foreign trade jumps 6.9% YoY to 3.55 trn yuan in Oct 2022: GAC

10 Nov '22
1 min read
Pic: Shutterstock/ Gertjan Hooijer
Pic: Shutterstock/ Gertjan Hooijer

China’s foreign trade grew by 6.9 per cent year-on-year (YoY) to 3.55 trillion yuan (around $490 billion) in October 2022. The country’s foreign trade was valued at 34.62 trillion yuan (around $4.79 trillion) from January to October 2022, which is a 9.5 per cent YoY increase as per the General Administration of Customs (GAC). China’s trade surplus surged by 46.7 per cent YoY to 4.8 trillion yuan.

The East Asian nation’s imports rose by 5.2 per cent to 14.91 trillion yuan and its exports touched 19.71 trillion yuan—a 13 per cent YoY increase. Moreover, trade value between China and the United States totalled 4.21 trillion yuan, up by 6.8 per cent YoY, the GAC said.

China’s trade with the European Union grew by 8.1 per cent to 4.68 trillion yuan and with the Association of Southeast Asian Nations by 15.8 per cent YoY to stand at 5.26 trillion yuan in the first ten months of 2022.

ALCHEMPro News Desk (NB)

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