China's foreign trade hits record high in Q1
(ECNS) -- China's total goods imports and exports exceeded 10 trillion yuan ($1.4 billion) in Q1 for the first time, setting a record high, the General Administration of Customs told a press conference in Beijing on Friday.
The total goods imports and exports expended 5 percent year on year to 10.17 trillion yuan in Q1. Exports reached 5.74 trillion yuan, up 4.9 percent, while imports grew 5 percent to 4.43 trillion yuan, setting a new high in the last six quarters, the data showed.
The number of foreign trade enterprises increased 8.8 percent year on year including an increase of 10.4 percent and 1 percent for private and foreign-invested enterprises respectively. The value of imports and exports for state-owned enterprises reached a historical high in the first quarter.
In terms of exports, in the first quarter, the export of mechanical and electrical products and labor-intensive products sustained a growth trend. The export of mechanical and electrical products maintained a growth of 6.8 percent year-on-year to 3.39 trillion yuan, an increase of 6.8, accounting for 59.2 percent of the total export value.
Trade in goods between China and the countries along the Belt and Road jumped 5.5 percent year on year to 4.82 trillion yuan, accounting for 47.4 percent of the China's total foreign trade value. The total exports to BRICS countries reached to 1.49 trillion yuan, up to 11.3 percent increase year on year. The total value of exports to EU, U.S., South Korea and Japan were 1.27 trillion yuan, 1.07 trillion yuan, 535.48 billion yuan、518.2 billion yuan,
Related articles
College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
The field for the NCAA baseball tournament will take shape this week with conference tournaments det2024-05-2164 people charged in sexual abuse investigations in Canada, Ontario police say
TORONTO (AP) — More than 60 people were arrested and hundreds of charges were filed in a series of i2024-05-21Democrats commit $7 million to TV ads in five key state Senate races
MADISON, Wis. (AP) — Wisconsin Democrats plan to spend $7 million on television ads in five state Se2024-05-21Indianapolis sports columnist won't cover Fever following awkward back
INDIANAPOLIS (AP) — Indianapolis Star sports columnist Gregg Doyel, whose interaction with WNBA No.2024-05-21Yvette Fielding says her Most Haunted co
Yvette Fielding claims her Most Haunted co-star Derek Acorah was a fake who tried to grope and kiss2024-05-21California girl, 14, is charged with the murder of human trafficking non
A California teen has been charged with the murder of a the daughter of a human trafficking non-prof2024-05-21
atest comment