1st LD: China's foreign trade hits new high in 2021

Xinhua
14 Jan 2022, 15:49 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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.

More Information

4 ℃

null in Tokyo

Asia Pacific

Section

Army lays landmines along with oil, gas pipelines in Shan State: SHRF

SHAN STATE, Myanmar - According to the Shan Human Rights Foundation (SHRF), the junta recently planted landmines across oil and ...

Typhoon Odette disrupts school life for more than 12 million students

MANILA, Philippines - Schools in the Philippines impacted by Typhoon Odette are receiving plenty of support from across the nation ...

Number of births in China lowest ever

BEIJING, China: On Monday, statistics showed Mainland China's birth rate has dropped to a record low of 7.52 births per ...

U-19 World Cup: Defending champions Bangladesh, Afghanistan advance to knockout stages

Basseterre [Saint Kitts and Nevis], January 23 (ANI): Bangladesh's bowlers worked in tandem to restrict the United Arab Emirates to ...

China reports 19 locally transmitted COVID-19 cases

Beijing [China], January 23 (ANI): China on Saturday reported 19 locally transmitted COVID-19 cases, local media reported citing the National ...

U-19 World Cup: Shehzad on target with ball as Pakistan dominate Papua New Guinea

Port of Spain [Trinidad and Tobago], January 23 (ANI): Opening batter Muhammad Shehzad shined with ball rather than bat as ...

Business

Section