Chinese Exports Rise over 13% Since Start of 2022

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Chinese trade has seen robust growth since the start of 2022, despite ongoing uncertainty in relation to the COVID-19 pandemic and military conflict in Ukraine.

China’s total imports and exports for the first two months of 2022 totalled 6.2 trillion yuan, for an increase of 13.3% compared to the same period in 2021, according to figures from the Chinese customs authority.

Exports totalled 3.47 trillion yuan, for a year-on-year (YoY) rise of 13.6%, while imports were 2.73 trillion yuan, for a YoY rise of 12.9%.

China’s trade surplus for the first two months of 2022 totalled 738.8 billion yuan, for an increase of 16.3%.

Normal goods trade for the first two months of 2022 totalled 3.94 trillion yuan, for YoY growth of 16.3%, accounting for 63.5% of China’s total foreign trade during the period, for an increase of 1.6 percentage points compared to the same period last year.

Exports of normal goods totalled 2.18 trillion yuan, for an increase of 17.4% YoY, while imports were 1.76 trillion yuan, for a YoY rise of 14.9%.