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China's General Authority of Customs revealed that the country's annual foreign trade value reached a record in 2022, exceeding 40 trillion yuan, equivalent to $5.94 trillion.
Xinhua quoted the authority's spokesman, Liu Daliang, as saying: China's foreign trade has made breakthroughs in volume, quality and efficiency over the past year, an achievement that did not come easily given the constraints of demand and supply and expectations.
In its latest data, the authority showed that total merchandise trade reached a record high of 42.07 trillion yuan, an increase of 7.7 percent year-on-year, leading the world for six consecutive years, adding that exports rose by 10.5 percent to 23.97 trillion yuan, while imports rose by 4.3 percent to reach 23.97 trillion yuan. to 18.1 trillion yuan.
China's imports and exports with the member states of the Association of Southeast Asian Nations (ASEAN), the European Union and the United States rose by 15 percent, 5.6 percent and 3.7 percent, respectively.
China's trade with Belt and Road countries rose 19.4 percent, accounting for 32.9 percent of its total foreign trade, while trade with other members of the Regional Comprehensive Economic Partnership rose 7.5 percent.
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