GACC: China’s Foreign Trade Value Up By 8.6% YoY In Jan-Nov

According to the data released by General Administration of Customs of China (GACC) on December 7, China achieved a total foreign trade value of RMB38.34 trillion (USD5.50 trillion) in the first eleven months of 2022, an increase of 8.6% from the same period of last year. In particular, the export value recorded RMB21.84 trillion (USD3.13 trillion), up by 11.9% YOY; import value reached RMB16.5 trillion (USD2.37 trillion), up by 4.6% YOY; and the trade surplus expanded by 42.8% to RMB5.34 trillion (USD0.77 trillion).