China’s Trade Trends September 2022

According to the latest data released by the General Administration of Customs (CAG), China's imports and exports reached RMB 31 trillion in the first nine months of 2022, up 9.9% from a year ago.

The data shows the exports rose 13.8% year on year to RMB 17.67 trillion, while the imports increased 5.2% from a year ago to RMB 13.44 trillion yuan, leading to a trade surplus of RMB 4.23 trillion.

In September alone, the country's foreign trade volume climbed 8.3% year on year to RMB 3.81 trillion, with the exports and imports up 10.7% and 5.2 compared to 2021, respectively.

China's trade with its top three trading partners - the ASEAN, the EU, and the US - grew 15.2%, 9%, and 8%, respectively.