China’s 2024 imports and exports hit record high

China’s foreign trade reached a record high of 43.85 trillion yuan (about $5.98 trillion) in 2024, a 5 percent year-on-year increase.

Exports exceeded 25 trillion yuan for the first time, reaching 25.45 trillion yuan and increasing 7.1 percent increase, marking eight consecutive years of growth. Imports totaled 18.39 trillion yuan, up 2.3 percent.

In 2024, China’s export product structure saw continued optimization, with electromechanical product exports rising by 8.7 percent, accounting for 59.4 percent of total exports. Notably, high-end equipment exports surged by more than 40 percent. Key exports such as electric vehicles, 3D printers, and industrial robots grew by 13.1 percent, 32.8 percent, and 45.2 percent, respectively, according to data released by the General Administration of Customs.

SOURCE : CGTN