China’s Trade 2022

According to the latest data released by the General Administration of Customs (CAG), China's imports and exports reached RMB 42 trillion in 2022, up 7.7 per cent year on year, while in the fourth quarter, the country's goods in trade reached RMB 11 trillion.

The data shows the exports rose 10.5 per cent year on year to RMB 24 trillion, while the imports increased 4.3 per cent on a yearly basis to RMB 18 trillion.

China's cumulative trade in 2022 with its top three trading partners grew respectively 15 per cent to RMB 6 trillion with ASEAN, 5.6 per cent to RMB 5.6 trillion with the EU, and 3.7 per cent to RMB 5 trillion with the US.

China's trade with countries along the Belt and Road rose 19.4 per cent year on year in 2022 and accounted for 32.9 per cent of the nation's total foreign trade, up 3.2 percentage points.

The country's trade with the other 14 members of the Regional Comprehensive Economic Partnership increased by 7.5 per cent in 2022.