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China’s Trade 2023

According to the data from the General Administration of Customs of January 12, 2024, expressed in dollars, China's international trade with the rest of the world showed a negative trend in 2023, with declines in exports (-4.6 per cent), imports (-5.5 per cent), and aggregate trade (-5 per cent).

 

In December alone, exports grew 2.3 per cent, while imports rose by 0.2 per cent, and the international trade expanded 1.4 per cent year-on-year, data showed.


China confirms the Association of Southeast Asian Nations (ASEAN) region as the top partner with USD 912 billion in 2023, followed by the European Union (USD 783 billion) and the United States (USD 664 billion).

 

Trade with the African countries increased by 1.5 per cent in 2023, while trade with the member countries of the ASEAN fell by 4.9 per cent, and trade with countries in the LATAM region, which includes Mexico, Central America and all of South America, grew 1.1 per cent.

 

China's trade with the European Union decreased by 7.1 per cent, while that with the United States declined by 11.6 per cent.

 

Imports of products from the European Union to China increased the most from the Netherlands (35.1 per cent), France (5.5 per cent), and with Italy by 1.4 per cent, while the EU average was -0.1 per cent.

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