China's foreign goods trade jumps 8.6% YoY during Jan–Nov 2022

Imported goods to China went up by 4.6 per cent YoY to 16.5 trillion yuan and exports from the country shot by 11.9 per cent YoY to 21.84 trillion yuan. Moreover, during the first 11 months of 2022, the East Asian country’s trade with the US surged by 4.8 per cent and with the European Union by 7 per cent, while its trade relationship with the Association of Southeast Asian Nations surpassed that with the former two with a growth of 15.5 per cent, as per several Chinese media reports.

From January–November 2022, China’s trade with nations along the Belt and Road region climbed 20.4 per cent YoY to 12.54 trillion yuan. Additionally, private firms witnessed an annual growth of 13.6 per cent in exports and imports to 19.41 trillion yuan in the same period, which stands for 50.6 per cent of China’s total trade.

Fibre2Fashion News Desk (NB)