China's Trade October 2024

According to data from China's General Administration of Customs expressed in dollars, China's international trade with the rest of the world showed the following trend in the first ten months of 2024, with an increase in exports (5.1 per cent), imports (1.7 per cent), and aggregate trade (3.7 per cent).

In October alone, Chinese exports rose 12.7 per cent from a year earlier, while imports decreased by 2.3 per cent, and total trade expanded by 6.1 per cent.

China confirms the Association of Southeast Asian Nations (ASEAN) region as the top partner with USD 798 billion in the January-October 2024 period, followed by the European Union (USD 653 billion) and the United States (USD 564 billion).

Trade with the African countries increased by 2.8 per cent, while trade with the member countries of the ASEAN grew by 7.2 per cent, and trade with countries in the LATAM region, which includes Mexico, Central America and all of South America, expanded 7.5 per cent.

China's trade with the European Union decreased by 0.2 per cent, while that with the United States increased by 2.8 per cent.

Imports of products from the European Union to China increased from the Netherlands (13 per cent) and record a negative trend with Germany (-11.2 per cent), France (-7.8 per cent), and with Italy (-3.1 per cent), while the EU average was -4.1 per cent.