China’s imports rose by 5.2 per cent year-on-year (YoY) to 13.44 trillion yuan, while its exports touched 17.67 trillion yuan after an annual increase of 13.8 per cent. The country’s trade surplus during the period jumped 53.7 per cent YoY, totalling to 4.23 trillion yuan.
The combined import and export value increased by 8.3 per cent compared to 2021, which is around 3.81 trillion yuan in September 2022, as per recent data from the General Administration of Customs China (GACC). Moreover, the nation’s trade surplus in the same month was 573.57 billion yuan, an increase of 29.9 per cent YoY.
In the first three quarters of 2022, China’s imports and exports were worth 31.11 trillion yuan (around $4.29 trillion), a 9.9 per cent rise from the previous year.