China's total trade value, which is the sum of exports and imports for the past year, increased by 30% from the previous year due to a large increase in exports to Europe and the United States and a significant increase in imports due to soaring raw materials. It has reached a record high of over $ 6 trillion.
According to trade statistics for the past year released by Chinese customs officials on the 14th, the total trade value of exports and imports was $ 6,051.4 billion, an increase of 30% from the previous year to $ 6 trillion for the first time. It surpassed and reached a record high.
Of this, export value was $ 3.363.9 trillion, an increase of 29.9%.
This is mainly due to an increase in exports of electronic devices and clothing as the economy recovers in the United States and Europe.
Imports also increased by 30.1% to $ 2.6875 trillion.
This is mainly due to the soaring prices of energy such as crude oil and natural gas, and the prices of raw materials such as metals.
While a large increase in exports has supported the Chinese economy, soaring raw material prices have put pressure on corporate management and are one of the factors behind the economic slowdown.
"China's trade showed strength last year, but there are increasing uncertainties and instability over trade," spokesman Lee Ka Wen of China Customs said in a press conference.
On the other hand, by region, the trade surplus with the United States is about 390 billion dollars, a significant increase of 25% from the previous year, and it is likely to continue to be a factor of friction between the United States and China.