Foreign Trade Volume Falls 4.9% To $1t

2020-05-08

China's foreign trade volume totaled 9.07 trillion yuan ($1.28 trillion) in the first four months of this year, declining 4.9 percent year-on-year, data released by the General Administration of Customs showed on Thursday.

In the meantime, the country's exports dropped by 6.4 percent on a yearly basis to 4.47 trillion yuan and imports fell by 3.2 percent to 4.33 trillion yuan.

The country's imports and exports recovered in April. Its foreign trade amounted to 2.5 trillion yuan, decreasing 0.7 percent year-on-year.

China's exports grew 8.2 percent to 1.41 trillion yuan and imports dropped by 10.2 percent to 1.09 trillion yuan last month.

China's foreign trade with the Association of Southeast Asian Nations, its largest trading partner, jumped 5.7 percent year-on-year to 1.35 trillion yuan between January and April of this year, while its trade volume with the European Union and the United States fell 6.5 percent and 12.8 percent to 1.23 trillion yuan and 958.46 billion yuan, respectively.

                                                                                                                                                                                          ---Via China Daily