Between January and August 2022, China's total import and export trade reached 27.3 trillion yuan

Data released by the National Bureau of Statistics of the People's Republic of China showed that in August, imports and exports of goods totaled 3,712.4 billion yuan, up 8.6 percent from a year earlier. Of this total, exports totaled 2.1241 trillion yuan, up 11.8 percent, and imports totaled 1.5882 trillion yuan, up 4.6 percent. Looking back at the year-on-year growth rate of 16.6% in July, we can see that the year-on-year growth rate of total imports and exports of goods slowed down in August compared with July. Liu Yingkui, vice president of the Institute of China Council for the promotion of trade, said that in recent years, due to the impact of the epidemic, the speed of our foreign trade development appeared relatively large fluctuations. After a potentially 2021 rebound in 2020, the pace of growth in foreign trade has gradually levelled off, with growth in August in line with expectations.

August, general trade and import and export of private enterprises in China are improved. General trade import and export which accounts for 64.3% of the total amount of import and export, increased by 2.3% than the same period last year. Private sector which accounts for 50.1% of the total amount of import and export, import and export increased by 2.1% than the same period last year.