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China's Q1 foreign trade exceeds 10 trillion yuan for first time

China's total import and export of goods increased by 5% year on year to 10.17 trillion yuan (1.43 trillion U.S. dollars) in the first quarter of 2024, including exports of 5.74 trillion yuan (790 billion U.S. dollars), up by 4.9% YoY, and imports of 4.43 trillion yuan (610 billion U.S. dollars), up by 5% YoY, according to China Customs.

It is the first time that China's foreign trade scale has exceeded 10 trillion yuan in Q1, with the growth rate hitting a six-quarter high.