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CBN丨China's foreign trade up 2.9% in H1

0次浏览发布时间：2025-07-14 21:39:00

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Here’s what you need to know about China in the past 24 hours

China's imports and exports of goods in yuan-denominated terms rose to reach CNY21.79 trillion, driven by the country's strenuous efforts to optimize foreign trade structure and stabilize economic growth.

Foreign trade growth in the second quarter rose significantly by 4.5 percent year-on-year, 3.2 percentage points higher than the figure seen in the first quarter, which marks the 9th quarter in which quarterly foreign trade exceeding CNY10 trillion, according to the data released by the General Administration of Customs (GAC) on Monday.

During the first six months of 2025, China's exports rose 7.2 percent year-on-year to reach CNY13 trillion, while imports fell 2.7 percent to reach CNY8.79 trillion, the data showed.

Currently, certain countries violate international trade norms by imposing unreasonable tariffs, causing severe challenges to global economic development. However, an increasingly diversified foreign trade market, innovative and high-quality products manufactured in China, and the adaptive foreign trade entities give China the confidence and ability to cope with global challenges, Wang Lingjun, deputy director of the GAC, said at press conference on Monday.

In terms of the trading partners, trade with Belt and Road Initiative (BRI) partner countries rose 4.7 percent to reach CNY11.29 trillion, with its proportion in China's total foreign trade rising by 0.9 percentage points to 51.8 percent.

Trade with ASEAN rose up by 9.6 percent to reach CNY3.67 trillion, while trade with the EU, South Korea, and Japan witnessed positive growth respectively.

During the period, China's export growth drivers strengthened and gained new momentum, according to the GAC. In the first half, exports of electro-mechanical products increased by 9.5 percent, taking up 60 percent of the country's total exports.

Meanwhile, as the world's second largest consumer market, with the continuous supportive policies including the equipment upgrade and consumer trade-in programs, China's imports turned to positive growth in the second quarter.

Import growth of petrochemical, textile and other machinery and equipment reached double digits, while key parts such as electronic components grew rapidly, and imports of vital raw materials such as crude oil and metal ore increased in volume.

In the second half of the year, it is expected that exports will likely maintain growth, driven by broader opening-up policies, improved corporate competitiveness, and expanded market diversification. Imports will benefit from domestic demand expansion policies, experts noted.

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