China's foreign trade sees slight uptick in Jan-Oct 2023

07 Nov '23

1 min read

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Insights

Over the first ten months of 2023, China's trade saw a marginal increase of 0.03 per cent year-on-year, totalling 34.32 trillion yuan.
Export growth was modest at 0.4 per cent, reaching 19.55 trillion yuan, while imports slightly decreased by 0.5 per cent to 14.77 trillion yuan.
In October, China experienced a 0.9 per cent increase in trade.

China has witnessed a slight uptick in its trade figures for the first ten months of 2023, with the nation's total goods imports and exports recording a marginal year-on-year increase of 0.03 per cent, reaching 34.32 trillion yuan (approximately 4.78 trillion US dollars), as per the General Administration of Customs.

The period from January to October showed China's exports experiencing a modest growth of 0.4 per cent, resulting in 19.55 trillion yuan. On the flip side, the country’s imports indicated a minor pullback, decreasing by 0.5 per cent to 14.77 trillion yuan compared to the same period last year.

The month of October marked a positive note with foreign trade climbing 0.9 per cent to 3.54 trillion yuan.

ALCHEMPro News Desk (DP)

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