The trade volume between China and Arab countries grew 2.3 percent year on year in 2024, said the Ministry of Commerce of China on Friday in Beijing.
Yuan Xiaoming, assistant minister of commerce, released the data at a press conference themed on China-Arab cooperation. "Over the past few years, China and Arab countries have reaped fruitful results in economic and trade cooperation. In 2024, trade between China and Arab countries hit 407.4 billion U.S. dollars, up 2.3 percent year on year, keeping China the Arab world's top trading partner for years running," Yuan said.
Yuan highlighted the cooperation in emerging sectors, saying that people in many Arab countries have welcomed the convenient life thanks to the cooperation with Chinese platforms.
"There are many highlights in cooperation in emerging areas. China and Arab countries have been actively expanding the potential for cooperation in edge-cutting fields including e-commerce, cloud computing, artificial intelligence, green and low-carbon development and financial technology. Chinese companies have built 5G networks in Arab countries for commercial use, raising the information level in those countries. Chinese e-commerce platforms have gradually entered the markets of countries including Morocco, Saudi Arabia and Egypt, delivering one-click convenience to the local people," he said.
China's trade with Arab countries grows 2.3 percent in 2024: official
