China's total exports of goods exceeded 25 trillion yuan (around 3.4 trillion U.S. dollars) for the first time in 2024, according to the data released by the General Administration of Customs (GAC) on Monday.
Lyu Daliang, GAC spokesman and director of the GAC's Department of Statistics and Analysis, unveiled China's 2024 export data at a government press conference in Beijing.
"In 2024, China's total goods exports surpassed 25 trillion yuan for the first time to reach 25.45 trillion yuan, up 7.1 percent year on year, maintaining growth for eight consecutive years and showing strong momentum and vitality," said Lyu.
"Last year, the manufacturing sector accounted for 98.9 percent of China's total export value, with exports by the equipment manufacturing sector reaching 14.69 trillion yuan, that by the consumer goods manufacturing industry coming in at 5.43 trillion yuan, and that of raw material manufacturing standing at 3.12 trillion yuan. China is able to make all kinds of products, ranging from jumbo marine engineering equipment to small translator earbuds, all with great quality," said the official.
"China has complete industrial and supply chains with continuous iteration and upgradation. Innovative, high-quality, and competitive products made and created in China have been constantly emerging, promoting orderly transformations of export growth drivers from old into new ones. As a result, China's export of integrated circuits increased by 18.7 percent, export of flat-panel display modules rose by 18.1 percent, and that of ship and marine engineering equipment went up by 60.1 percent in 2024", the official said.
"In 2024, China witnessed an increase of its goods exports to more than 160 countries and regions, with its exports to Belt and Road partner countries growing by 9.6 percent year on year, to the ASEAN by 13.4 percent, to Brazil by 23.3 percent, to the United Arab Emirates by 19.2 percent, and to Saudi Arabia by 18.2 percent. China's exports to the traditional markets of the European Union and the United States rose by 4.3 percent and 6.1 percent, respectively," said Lyu.
China's foreign trade in 2024 exceeds 25 trillion yuan, hitting new high
China has always been a reliable friend to Latin American and Caribbean countries and stands ready to work with regional countries, including Brazil, to further deepen and expand overall China-Latin America cooperation, Chinese Foreign Minister Wang Yi said on Monday.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during the fifth China-Brazil Foreign Ministerial-Level Comprehensive Strategic Dialogue with Brazilian Foreign Minister Mauro Vieira in Beijing.
Wang said that in recent years, under the strategic guidance of the two heads of state, China-Brazil relations have become increasingly global, strategic and far-reaching in influence.
"Practical cooperation across all fields has been steadily upgraded, and the two peoples have never been closer," he added.
Wang said the two sides should fully implement the important consensus reached by the two heads of state, continue to advance the building of a China-Brazil community with a shared future, jointly counter various external challenges, and build greater synergy for each other's modernization drives and the unity and self-improvement of Global South countries.
Noting that China appreciates the Brazilian government's long-standing commitment to the one-China principle, Wang said China supports Brazil in safeguarding its national sovereignty, upholding independence and autonomy, and achieving greater development.
The two sides should advance exchanges and cooperation in culture, education, tourism, sports, sub-national areas, youth, media and other fields, Wang said, adding that it is important to strengthen communication and coordination under multilateral mechanisms including the United Nations and BRICS, earnestly implement the four major global initiatives, and promote the development of a more just and equitable global governance system.
Vieira stated that Brazil will always adhere to the one-China principle. He said Brazil looks forward to consolidating strategic mutual trust with China, deepening practical cooperation, cementing public support for bilateral ties, and achieving common prosperity.
Noting that both Brazil and China are important forces championing multilateralism and free trade, Vieira said Brazil is ready to work with China to enhance multilateral coordination, jointly advance the reform of the global governance system, uphold the authority of the United Nations, and promote international fairness and justice.
China ready to work with Brazil to further expand overall China-Latin America cooperation: Chinese FM
China ready to work with Brazil to further expand overall China-Latin America cooperation: Chinese FM
