China's exports up 4.9% YoY, imports rise 5% YoY in Q1 2024: Govt

13 Apr 24 1 min read

China's foreign trade in goods expanded by 5 per cent year on year (YoY) in yuan terms in the first quarter (Q1) this year to 10.17 trillion yuan (~$1.43 trillion), according to data from the general administration of customs (GAC).

Exports were up by 4.9 per cent YoY at 5.74 trillion yuan (~$0.793 trillion), while imports rose by 5 per cent YoY to 4.43 trillion yuan (~$0.612 trillion).

For the first time in history, the country's foreign trade scale exceeded 10 trillion yuan during the first quarter, while the growth rate has hit a six-quarter high, a state-controlled media outlet cited GAC deputy head Wang Lingjun as saying.

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