China's Trade January-February 2024

According to the data from China's General Administration of Customs of March 7, expressed in dollars, China's international trade with the rest of the world showed a positive trend in the first two months of 2024, with growth in exports (7.1 per cent), imports (3.5 per cent), and aggregate trade (5.5 per cent).

China confirms the Association of Southeast Asian Nations (ASEAN) region as the top partner with USD 140 billion in the January-February 2024 period, followed by the European Union (USD 117 billion) and the United States (USD 99 billion).

Trade with African countries increased by 13.9 per cent, reflecting the same growth recorded in the LATAM region, which includes Mexico, Central America, and all of South America, while trade with the member countries of ASEAN grew by 4.8 per cent

China's trade with the European Union decreased by 4.1 per cent, while that with the United States was up 0.7 per cent.

Imports of products from the European Union to China increased the most from the Netherlands (26.6 per cent), and record a negative trend with Italy (-5.4 per cent), France (-11.3 per cent), and with Germany (-18.3 per cent), while the EU average was -9.4 per cent.