Xinhua
14 Jan 2022, 11:19 GMT+10
BEIJING, Jan. 14 (Xinhua) -- China's foreign trade moved up another notch in 2021 by exceeding 6 trillion U.S. dollars for the first time albeit the COVID-19 pandemic continued to weigh on the global trade, official data showed Friday.
Total goods trade amounted to 6.05 trillion U.S. dollars, up 1.4 trillion U.S. dollars from a year ago, according to the General Administration of Customs (GAC).
The trade volume in yuan terms expanded 21.4 percent year on year to 39.1 trillion yuan, with exports up 21.2 percent to 21.73 trillion yuan and imports up 21.5 percent to 17.37 trillion yuan.
"China has been at the forefront of economic development and pandemic response globally, and maintained a rapid growth in foreign trade, which registered a record high in volume and a steady progress in quality," GAC spokesperson Li Kuiwen said.
The country posted steady trade growth with all its five largest trading partners.
China's imports and exports with ASEAN, the European Union and the United States gained 19.7 percent, 19.1 percent and 20.2 percent, respectively, while its trade with Japan and the Republic of Korea climbed 9.4 percent and 18.4 percent.
Meanwhile, the country's trade with economies involved in the Belt and Road Initiative reported a higher-than-average increase of 23.6 percent.
Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationHONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
New Delhi [India], July 11 (ANI): Vice President Jagdeep Dhankhar urged Indian businesses to expand globally, not only in markets but...
Representatives of women's organizations and networks that were part of the first delegation of gender experts at the talks in Havana...
(Photo credit: Joe Nicholson-Imagn Images) Tobin Heath, a two-time Olympic gold medalist and World Cup champion with the United States...
London [UK], July 11 (ANI): Following a solid day with the ball, which included two prized wickets of openers Ben Duckett and Zak Crawley,...
London [UK], July 11 (ANI): Following the end of the first day's play during the third Test against England at Lord's, Indian all-rounder...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...