China's foreign trade up 7.7 pct in 2022 to new high

China's annual foreign trade value topped ¥40 trln (about $5.94 trln) for the first time in 2022, as the country works to better coordinate epidemic response with economic and social development amid complex and severe domestic and international situations, official data showed. This was reported by The Xinhua News Agency.

Total goods trade reached a record ¥42.07 trln, up 7.7% year on year, topping the world for six consecutive years, according to the General Administration of Customs (GAC).

Exports rose 10.5% to ¥23.97 trln, and imports went up 4.3% to ¥18.1 trln.

"China's foreign trade delivered breakthroughs in scale, quality and efficiency last year, which is a hard-won feat considering headwinds in demand, supply and expectations", – GAC spokesperson Lyu Daliang said.

China's imports and exports with ASEAN, the European Union and the United States gained 15%, 5.6% and 3.7%, respectively.

China's trade with Belt and Road countries climbed 19.4% to account for 32.9% of its total foreign trade, while trade with other members of the Regional Comprehensive Economic Partnership rose 7.5%.