China’s exports of goods have reached a new high, rising by 0.9 per cent year-on-year (YoY) in the first two months of the year to 3.5 trillion yuan (around $506.10 billion), as per the General Administration of Customs (GAS).

The country’s foreign trade of goods, however, fell by 0.8 per cent YoY to 6.18 trillion yuan during the same period. Moreover, China’s imports of goods stood at 2.68 trillion yuan during the same period, which is down 2.9 per cent YoY.

China’s trade with the Association of Southeast Asian Nations (ASEAN) has surged by 9.6 per cent YoY during the first two months of 2023, reaching a total value of 951.93 billion yuan (approximately $137.25 billion), accounting for 15.4 per cent of the country’s foreign trade, said local media reports quoting the General Administration of Customs.

Fibre2Fashion News Desk (NB)

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