China's foreign trade demonstrated resilience in the first two months of 2025, reaching a total volume of 6.54 trillion yuan ($912.07 billion), according to the General Administration of Customs on Friday.
While this marks a slight decrease of 1.2 percent compared to the same period last year, the growth story becomes more optimistic when excluding the impact of atypical factors, such as two fewer working days in 2025. Adjusted figures reveal that China's total goods imports and exports actually grew by 1.7 percent year on year.
Breaking down the numbers, exports saw a healthy increase of 3.4 percent from the previous year, totaling 3.88 trillion yuan. On the flip side, imports experienced a decline of 7.3 percent year on year. This dynamic shift highlights China's robust export sector amid changing global economic landscapes.
Regionally, China's exports to ASEAN nations surged by 6.8 percent, showcasing strengthened economic ties in Southeast Asia. Exports to the European Union grew by 1.8 percent, while those to the United States saw a notable rise of 3.4 percent. Additionally, exports to countries involved in the Belt and Road Initiative increased by 2.4 percent, underscoring the project's ongoing impact on international trade relations.
These figures reflect China's strategic positioning in global trade, adapting to challenges and capitalizing on emerging opportunities. As the world navigates economic fluctuations, China's steady trade performance remains a key indicator of its economic resilience and adaptability.
Reference(s):
cgtn.com
