On the 10th, the State Council held a press conference to discuss China's foreign trade performance in the first quarter of this year. Zheng Yuesheng, spokesperson for the General Administration of Customs and head of the General Statistics Department, emphasized that although the global economy has shown signs of recovery, the growth remains modest. Meanwhile, the domestic economy continues to operate stably, providing a solid foundation for foreign trade development.
Zheng highlighted that since last year, a series of policy measures aimed at supporting stable and steady growth in foreign trade have gradually taken effect. As a result, China’s foreign trade saw a continued rebound in the first quarter of this year, following a recovery in the fourth quarter of last year. The momentum shows that the sector is maintaining a steady upward trend.
According to customs data, China’s total foreign trade volume in the first quarter reached 6.12 trillion yuan, or approximately 974.67 billion U.S. dollars. After adjusting for exchange rate fluctuations, this represents a year-on-year increase of 13.4%. Exports totaled 3.2 trillion yuan (about 508.87 billion U.S. dollars), rising by 18.4% compared to the same period last year. Imports amounted to 2.9 trillion yuan (around 465.8 billion U.S. dollars), an increase of 8.4%. This led to a trade surplus of 270.5 billion yuan, or roughly 43.07 billion U.S. dollars, significantly higher than the 210 million U.S. dollars recorded during the same period in 2023.
These figures reflect the resilience and strength of China’s foreign trade sector, supported by both domestic stability and ongoing international demand. Officials remain optimistic about the outlook for the rest of the year, as they continue to implement supportive policies and adapt to evolving global conditions.
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