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China's foreign trade maintains rapid growth in first 8 months

China

China

China

China's foreign trade maintains rapid growth in first 8 months

2026-09-08 11:49 Last Updated At:13:37

China's foreign trade maintained rapid growth in the first eight months of 2026, with both exports and imports posting solid gains and import growth continuing to outpace exports, official data showed on Tuesday.

The country's total goods imports and exports rose 17.6 percent year on year to 34.78 trillion yuan (about 5.13 trillion U.S. dollars) in the January-August period, according to the General Administration of Customs (GAC).

The growth rate was 0.3 percentage point faster than that recorded in the first seven months of the year.

Exports increased 14.6 percent year on year to 20.17 trillion yuan, while imports expanded by 22 percent to 14.61 trillion yuan, the data revealed.

In August alone, China's goods trade totaled 4.65 trillion yuan, up 19.8 percent from a year earlier and remaining above the 4-trillion-yuan mark for a sixth consecutive month.

Exports grew 18.6 percent year on year in August, while imports rose by 21.7 percent.

"In August, China's goods trade maintained steady growth, with both exports and imports recording double-digit growth for a fourth straight month. This fully demonstrates the resilient support provided by China's complete industrial system for its foreign trade, as well as the strong impetus from the country's robust innovation capacity," said Lyu Daliang, director of the GAC's Department of Statistics and Analysis.

China's foreign trade maintains rapid growth in first 8 months

China's foreign trade maintains rapid growth in first 8 months

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 9 pips to 6.7804 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 6.7804 against USD Tuesday

Chinese yuan weakens to 6.7804 against USD Tuesday

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