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Official on characteristics of China's foreign trade performance in first 9 months

China

China

China

Official on characteristics of China's foreign trade performance in first 9 months

2025-10-13 17:17 Last Updated At:20:27

China's foreign trade in goods grew steadily in the first three quarters of this year, displaying five notable characteristics in performance, Wang Jun, deputy head of the General Administration of Customs (GAC), told a press conference on Monday in Beijing.

According to official data from the GAC, the country's total goods imports and exports in yuan-denominated terms rose to 33.61 trillion yuan (about 4.73 trillion U.S. dollars) in the first nine months of 2025, up 4 percent year on year. This rate accelerated from an increase of 3.5 percent registered in the first eight months of the year.

The GAC official noted that the trade in goods in the three quarters displayed five major characteristics.

"First, the growth rates of imports and exports have picked up each quarter. China's imports and exports grew by 1.3 percent and 4.5 percent, respectively, in the first and second quarters of this year, and by 6 percent in the third quarter, achieving year-on-year growth for eight consecutive quarters," Wang said. "Second, more efforts were made to advance market diversification. In the first three quarters, China's imports and exports with the Belt and Road Initiative partner countries reached 17.37 trillion yuan (about 2.44 trillion U.S. dollars), an increase of 6.2 percent, accounting for 51.7 percent of the total imports and exports, which is an increase of 1.1 percentage points. Total imports and exports with ASEAN, Latin America, Africa, and Central Asia grew by 9.6 percent, 3.9 percent, 19.5 percent, and 16.7 percent, respectively. Our imports and exports with other economies in the Asia-Pacific Economic Cooperation (APEC) also increased by 2 percent," he continued.

"Third, China's exported goods had new features and even higher quality. In the first three quarters, China exported 12.07 trillion yuan (about 1.7 trillion U.S. dollars) worth of machinery and electronic products, an increase of 9.6 percent, accounting for 60.5 percent of the total exports, which is an increase of 1.4 percentage points. Among these, exports of high-tech products such as electronic information, high-end equipment and instruments grew by 8.1 percent, 22.4 percent, and 15.2 percent, respectively. Additionally, the growth rates for green products like the 'new trio' (EVs, lithium batteries, and solar cells) and rail locomotives reached double digits," Wang said.

Wang pointed to the gradually recovering imports as the fourth characteristic. With domestic demand coutinued to be unleashed, he said, imports grew by 0.3 percent year on year in the second quarter, and the growth rate further accelerated to 4.7 percent in the third quarter.

Fifth, foreign trade entities were proactive in business, according to Wang. In the first three quarters, the number of foreign trade enterprises in the country with import and export records reached 700,000, an increase of 52,000 compared from the same period last year, he said.

Official on characteristics of China's foreign trade performance in first 9 months

Official on characteristics of China's foreign trade performance in first 9 months

Official on characteristics of China's foreign trade performance in first 9 months

Official on characteristics of China's foreign trade performance in first 9 months

Official on characteristics of China's foreign trade performance in first 9 months

Official on characteristics of China's foreign trade performance in first 9 months

Duty-free sales in China's Hainan Free Trade Port (FTP) reached 161 million yuan (about 22.8 million U.S. dollars) on Thursday, the first day of island-wide special customs operations, according to official statistics released Friday by Haikou Customs.

Nearly 24,800 shoppers purchased about 118,000 items on the day, up 53 percent and 25 percent year on year, respectively, the data showed.

At the Haikou International Duty-Free Shopping Complex, significant discounts drew large numbers of customers.

"We were curious about the changes after the island-wide special customs operations were implemented, so we came to have a look," said a customer.

"Foot traffic is up at least three to four times compared with usual levels, and new products are selling very well," said Xu Xueli, a salesperson at the Haikou CDF Mall.

The Haikou Global Premium Duty Free Plaza was also bustling with customers engaging in interactive games and promotional activities.

"The performances are fantastic, and the discounts are very generous. I came after the island-wide special customs operations began to buy some duty-free items. I've had my eyes on, and I'm really happy," said another customer.

"By integrating cultural experiences and duty-free shopping, we aim to better incorporate Dongpo culture into the consumer experience," said Chen Haidan, sales manager in the operations management department of the Haikou Global Duty-Free Plaza.

Su Dongpo was a prominent poet and cultural figure of China's Song Dynasty (960–1279), celebrated for his literary legacy and culinary skills.

The island-wide special customs operations took effect Thursday in the Hainan Free Trade Port, the world's largest free trade port by area, allowing freer entry of overseas goods, expanded zero-tariff coverage and more business-friendly measures.

Hainan records 161 mln yuan in duty-free sales on first day of special customs operations

Hainan records 161 mln yuan in duty-free sales on first day of special customs operations

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