14.Apr .2022 15:30

China's foreign trade rises 10.7% in Q1

China's foreign trade rises 10.7% in Q1
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China's foreign trade volume increased more than 10% during the first three months of 2022, according to official data released on Wednesday.

The country's total trade rose by 10.7% to 9.42 trillion yuan ($1.48 trillion) in the January-March period of the year, the data from the General Administration of Customs (GAC) showed.

While exports surged 13.4% year-on-year to 5.23 trillion yuan, imports rose 7.5% to 4.19 trillion yuan during the period.

This led to a trade surplus of 1.04 trillion yuan, according to GAC data.

China's overall trade with Russia rose to 243.03 billion yuan ($38.18 billion) in January-March, a Chinese customs spokesman said, up 27.8% from a year earlier.

China's total trade with Ukraine climbed to 29.6 billion yuan in the first quarter, customs spokesman Li Kuiwen said at a news conference, up 10.6%.

China's trade with both Russia and Ukraine has maintained an uptrend, Li said, adding that China's economic and trade cooperation with other countries including Russia and Ukraine will remain normal.