China's trade with BRICS countries jumps by 14.1% YoY in H1 2022
13 Jul 22 1 min read
Exports to BRICS nations reached 817.18 billion yuan—an increase of 20.6 per cent—while imports grew by 8.3 per cent to 825.82 billion yuan.
China's trade with other BRICS countries grew from 960.21 billion yuan in 2009 to 3.17 trillion yuan in 2021, with an average annual growth rate of 10.5 per cent, GAC spokesperson Li Kuiwen told a press briefing recently.
In H1 2022, China's foreign trade to BRICS countries accounted for 8.3 per cent of the total value of the country's imports and exports, 0.2 percentage points higher than in 2021, official Chinese media reported.
- Turkiye’s employment index up 3.4% YoY, 0.9% QoQ in Q1 2024: Turkstat
- North American trans-border freight down 5.6% YoY in Mar 2024: BTS
- US cotton exports up 30% from last week: USDA
- Tehran, Moscow working to create single currency for BRICS: Iran envoy
- China launches anti-dumping probe on polyformaldehyde copolymer import
- US import prices up 0.9% in Apr 2024; export prices up 0.5%
Meanwhile, the 24th BRICS summit, hosted on June 23 this year, resulted in the signing of a series of agreements on digital economy, sustainable development, industrial chain stability and support for multilateralism, China's commerce ministry said.
Fibre2Fashion News Desk (DS)
Popular News
|
US textiles & clothing imports surge by volume in Jan-Mar 2024 |
|
US cotton exports decline from previous week: USDA |
|
USTR releases 4-year review of China tariffs, to take further action |
|
Kasturi Cotton program revives India’s historic cotton legacy |
|
ICE cotton faces heavy selling; prices drop despite positive factors |
|
Puma announces leadership changes in Central Europe & UK Divisions |