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GACC: China's foreign trade value up by 9.5% YOY in Jan-Oct 2022

According to latest data released by General Administration of Customs of China (GACC), China achieved a total foreign trade value of RMB34.62 trillion (USD4.78 trillion) in the first ten months of 2022, rising by 9.5% from that in the same period of 2021. In particular, export value was RMB19.71 trillion (USD2.72 trillion), up by 13% YOY; import value was RMB14.91 trillion (USD2.06 trillion), up by 5.2% YOY; and the trade surplus expanded by 46.7% to RMB4.8 trillion (USD0.66 trillion).

In October 2022, China's foreign trade value was RMB3.55 trillion (USD0.49 trillion), up by 6.9% YOY. In particular, export value and import value went up by 7% and 6.8% YOY respectively to RMB2.07 trillion (USD0.29 trillion) and RMB1.48 trillion (USD0.20 trillion) during the month with the trade surplus expanding by 7.6% to RMB586.81 billion (USD81.08 billion).