ASEAN remains China's No.1 trade partner from Jan to Apr, accounting for 14.6% of total trade
Logistics hub Zhengzhou, Central China’s Henan Province, sent its first international cargo train to Laos via the China-Laos Railway on March 15, 2022. The China-Laos Railway celebrated its 100th day of operation last week, having carried more than 1.2 million tons of goods and injected fresh momentum into economic and trade cooperation between China and ASEAN. Photo: VCG
ASEAN remains China's largest trade partner, accounting for 14.6 percent of China's total foreign trade in the first four months of 2022, with the EU and the US ranking second and third, according to the latest customs statistics on Monday.
China-ASEAN trade totaled 1.84 trillion yuan ($274.5 billion) from January to April, up 7.2 percent year-on-year.
And in the first quarter of 2022, China's import and export with ASEAN reached 1.35 trillion yuan, up 8.4 percent year-on-year and accounting for 14.4 percent of China's total foreign trade. In the first two months of this year, ASEAN lagged behind the EU by about 3 billion yuan, temporarily becoming China's second largest trading partner.
Analysts said that ASEANs return as Chinas largest trade partner shows that China-ASEAN economic and trade relations still enjoy significant vitality and strong resilience. The RCEP, effective from January 1 this year, will release more dividend to China-ASEAN trade in the future.
ASEAN became China's largest trading partner in 2020 for the first time, while China has been ASEANs largest trade partner for 13 consecutive years since 2009.
Chinas foreign trade with the EU reached 1.73 trillion yuan in the first four months, up 6.8 percent on a yearly basis. China-US trade totaled 1.56 trillion yuan, up 8.7 percent year-on-year and Chinas trade with South Korea reaching 764.92 billion yuan, up 8.4 percent year-on-year.
Global Times
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