Non trade grew by 7.4% year-on-year in the first seven months of this year

  • Date: Aug 24, 2023
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  • Categories: News

Beijing, August 23 (Xinhua) (Reporter Li Xiaoyu) The latest data released by the General Administration of Customs of China on August 23 shows that the non trade scale in the first seven months of this year was 1.14 trillion yuan (RMB, the same below), a year-on-year increase of 7.4%, far exceeding the overall growth rate of China’s foreign trade during the same period, and continuing the good development momentum.

By country, South Africa is China’s largest trading partner in Africa. According to official statistics, the bilateral trade between China and South Africa in the first seven months of this year reached 226.15 billion yuan, a year-on-year increase of 10.5%, accounting for 19.9% of China’s total import and export value to Africa during the same period. Nigeria and Angola are respectively China’s second and third largest trading partners in Africa. In the first seven months, China’s imports and exports to Nigeria and Angola reached 95.29 billion yuan and 82.63 billion yuan, respectively, accounting for 8.4% and 7.3% of China Africa trade.

From a product perspective, China’s exports of ships and cars to Africa grew rapidly in the first seven months, with year-on-year growth rates of 81.3% and 26.1%, respectively. China’s imports from Africa mainly include crude oil, metal ore, and agricultural products, with a year-on-year increase of 94.7% in imports of aquatic products and 52.6% in imports of wine.

In recent years, China Africa trade has developed rapidly. Official data shows that in 2022, China’s import and export volume to Africa reached 1.87 trillion yuan, a year-on-year increase of 14.8%. (End)

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