Beijing:China's foreign trade experienced significant growth from January to October 2026, marked by a robust increase in both imports and exports, amidst strong demand for Chinese products and expanded trade exchanges with international partners.
According to Yemen News Agency, official data released by the General Administration of Customs of China revealed that the total value of imports and exports of goods rose by 20% year-on-year, reaching 44.81 trillion yuan (approximately $6.67 trillion). This growth follows an 18.8% increase recorded during the first nine months of the year.
The data highlighted that imports grew by 23.6%, while exports increased by 17.6% in the first ten months. L Daliang, Director of the Statistics and Analysis Department at the General Administration of Customs, emphasized the sustained growth momentum, resilience, and vitality of China's foreign trade since the beginning of the year.
Customs data further indicated that China's imports and exports have maintained double-digit growth for six consecutive months up to October, with the total trade in goods for October alone surging by 31.2%. Imports played a significant role in driving China's foreign trade growth this year.
Li Wei noted that between January and October, China saw an increase in imports from over 150 countries and regions, with record-high import volumes from the Association of Southeast Asian Nations (ASEAN), Latin America, and Africa. He mentioned that China's vast market offers "China opportunities" for countries worldwide.
On the export front, mechanical and electrical products emerged as the primary growth engine, with their value rising by 25.2% and accounting for 64.7% of total exports, an increase of 3.9 percentage points compared to the same period last year. Exports of smart and eco-friendly products, such as integrated circuits, memory components, 3D printers, digital cameras, and industrial robots, showed remarkable growth.
Moreover, exports of electric vehicles, photovoltaic products, and lithium batteries grew by 46.5%. Exports of motorcycles and electric bicycles increased by 33.3%, while wind turbines and their components rose by 19.7%. China's trade relations with ASEAN, the European Union, and the United States also saw growth, alongside a notable 18.5% increase in trade with countries involved in the "Belt and Road" Initiative, indicating continued expansion of China's international trade relations.
