China's international goods trade rises 8.7% in early 2024

11 Mar '24

1 min read

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Insights

China's trade in goods soared 8.7 per cent in the first two months of 2024, reaching 6.61 trillion yuan ($930.96 billion), showcasing continued growth.
Exports rose 10.3 per cent to 3.75 trillion yuan ($522 billion), while imports increased 6.7 per cent to 2.86 trillion yuan ($397.8 billion), marking the fifth consecutive month of year-on-year growth.

China has witnessed a notable 8.7 per cent increase in its goods trade during the initial two months of 2024, according to the latest figures released by the General Administration of Customs. Between January and February, China's international trade in goods achieved a new milestone, reaching 6.61 trillion yuan (approximately $930.96 billion).

The country’s exports surged by 10.3 per cent to 3.75 trillion yuan (approximately $522 billion), with imports also showing a robust increase of 6.7 per cent to 2.86 trillion yuan (approximately $397.8 billion) compared to the same period last year.

This period marks the fifth consecutive month of year-on-year growth, continuing the positive trend observed in the last quarter of the previous year, according to Chinese media reports.

Fibre2Fashion News Desk (DP)

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