China’s total import and export value had remained stable in general with an improving trading structure in 2023, said an official from the National Bureau of Statistics (NBS) on Wednesday.
Kang Yi, head of the NBS, briefed a press conference on the performance of the national economy for 2023.
“Last year’s total goods imports and exports stood at 41.76 trillion yuan (over 5.8 trillion U.S. dollars), a year-on-year increase of 0.2 percent. Among them, exports amounted to 23.77 trillion yuan, an increase of 0.6 percent, and imports amounted to 17.99 trillion yuan, a decrease of 0.3 percent. The trade balance was 5.79 trillion yuan in surplus. The imports and exports of private enterprises increased by 6.3 percent, accounting for 53.5 percent of the total, up 3.1 percentage points compared with the previous year,” Kang said.
The imports and exports with the Belt and Road Initiative partner countries increased by 2.8 percent, accounting for 46.6 percent, up 1.2 percentage points over the previous year. The export of electric and machinery products increased by 2.9 percent, accounting for 58.6 percent of the total.
The total imports and exports in December alone came in at 3.81 trillion yuan, with a year-on-year increase of 2.8 percent. Among them, exports amounted to 2.18 trillion yuan, an increase of 3.8 percent, while imports amounted to 1.63 trillion yuan, an increase of 1.6 percent,” he added.
