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China's Foreigh Trade For 2018: Record High! First Over 30 Trillion Yuan
Jan 18, 2019

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    The State Council Information Office P.R.C. held a press conference on 14,Jan. to introduce  the import and export situation for the whole year of 2018.

    Li kuiwen, the spokesman of the general administration of customs, pointed out at the meeting that China's import and export volume reached a record high in 2018 and it is expected to maintain its status as the world's largest country in trade of goods.

    "In 2005, the total value of China's foreign trade exceeded 10 trillion Yuan for the first time; In 2020 it exceeded 20 trillion Yuan ; In 2018 it hit a new high of more than 30 trillion Yuan " Li kuiwen said.

    In dollar terms, China's foreign trade totaled 4.62 trillion US dollars in 2018, up 12.6 percent. Among them, exports reached 2.48 trillion us dollars, up by 9.9%, and the growth rate of exports was the highest since 2011.

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    In 2018, China's private enterprises contributed more than 50% to the growth of foreign trade import and export, becoming a highlight of China's foreign trade development. The growth rate of foreign trade in the three northeastern provinces was 14.8%, exceeding the national growth rate by 5.1 percentage points .Foreign trade in the 10 provinces and cities in the east grew by 8.8 percent.

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