SCIO briefing on China's imports, exports in first 3 quarters of 2025

The Poster News APP:

As mentioned earlier, in the first three quarters, China's foreign trade with Belt and Road partner countries sustained strong momentum. What were the key highlights? Thank you.

Wang Jun:

Thank you for your question. In the first three quarters of this year, China's imports and exports with Belt and Road partner countries reached 17.37 trillion yuan, up 6.2% year on year. This was 2.2 percentage points higher than the overall growth rate of China's imports and exports during the same period. In terms of imports, 64.6% of China's bulk commodity imports came from Belt and Road partner countries, representing an increase of 1.1 percentage points compared with the same period last year. Since the beginning of this year, the GACC has signed more than 100 cooperation documents with counterpart departments in Belt and Road partner countries, including over 70 agreements on market access for agricultural and food products. Partner countries accounted for 69.1% of China's total agricultural import value, an increase of 3.1 percentage points compared with the same period last year. In terms of exports, exports of electronic information products to Belt and Road partner countries rose 16.6%, high-end equipment 37% and wind power generator sets 58%. Exports of textiles and clothing, food, furniture, automobiles and other daily necessities all achieved growth.

High-quality Belt and Road cooperation is a public good that China provides to the international community and has become the world's largest and most extensive platform for international cooperation today. High-level unimpeded trade continues to create new opportunities for development cooperation among partner countries. To fully showcase the achievements of China's foreign trade development with Belt and Road partner countries, we compile an annual trade index between China and partner countries. We set the base year, 2013, at 100. The latest results show that the index rose to 198 in 2024, fully reflecting the strong momentum and growth potential of economic and trade cooperation between China and partner countries. In 2024, the proportion of imports and exports with partner countries exceeded 50% for the first time. It further increased to 51.7% in the first three quarters of this year.

Moving forward, customs will continue to follow the guidance of the eight major steps for high-quality Belt and Road cooperation, deepen collaboration with the customs authorities of partner countries, enhance customs clearance efficiency, and help take China's economic and trade cooperation with partner countries to new heights. Thank you.