[Ferro-Alloys.com] China's foreign trade has extended its growth momentum during the first four months, with the country fully promoting efforts to coordinate the development of trade industries, the Ministry of Commerce said on its official website.
China's foreign trade expanded 28.5 percent year-on-year to 11.62 trillion yuan ($1.8 trillion) in the January-April period. This marks an increase of 21.8 percent over the level in 2019. Exports jumped 33.8 percent from a year earlier while imports climbed 22.7 percent in yuan terms. In April alone, China's imports and exports totaled 3.15 trillion yuan, the second highest in history.
During the first four months, China's exports to traditional markets such as the EU, US, Japan and Hong Kong respectively increased 36.1 percent, 49.3 percent, 12.6 percent and 30.9 percent year-on-year. Exports to emerging markets such as ASEAN, Latin America and Africa rose 29 percent, 47.1 percent and 27.6 percent respectively.