China’s foreign trade levels have seen a more than 20% increase in 2021 despite the turmoil caused by the COVID-19 pandemic.
The total value of China’s imports and exports during the period from January to October was 31.67 trillion yuan, for an increase of 22.2% compared to the same period in 2020, according to data released by the country’s custom’s authority on 7 November.
The figure also marked an increase of 23.4% compared to the same period in 2019.
Exports totalled 17.49 trillion yuan for a YoY rise of 22.5%, while imports were 14.18 trillion yuan, for a YoY rise of 21.8%.
The trade surplus was 3.31 trillion yuan, for a YoY rise of 25.5%.