China's Trade October 2023

According to the data from China's General Administration of Customs of November 7, expressed in dollars, China's international trade with the rest of the world showed a negative trend in the first ten months of 2023 in exports (-5.6 per cent) and imports (-6.5 per cent) and aggregate trade (-6 per cent).

China confirms the Association of Southeast Asian Nations (ASEAN) region as its first partner with USD 747 billion in the first ten months of 2023, followed by the European Union (USD 655 billion), and the United States (USD 550 billion).

Trade with the African countries increased by 0.8 per cent, while trade with the member countries of the ASEAN fell by 5 per cent, and trade with countries in the LATAM region, which includes Mexico, Central America and all of South America, slightly decline by 0.4 per cent.

China's trade with the European Union decreased by 7.5 per cent, while that with the United States declined by 13.2 per cent.

Imports of products from the European Union to China increased the most from the Netherlands (29.5 per cent), France (9.7 per cent), and with Italy by 0.7 per cent, while the EU average was -1.3 per cent.