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China's foreign trade growth picks up pace in first 10 months

2026-11-11 11:43:00 Click Num:2

China's foreign trade in goods maintained strong growth momentum in the first 10 months of 2026, with imports posting especially robust gains, official data showed Tuesday.

Total imports and exports grew 20 percent year on year to 44.81 trillion yuan (about 6.67 trillion U.S. dollars) over the period, accelerating from 18.8 percent in the first nine months, according to the General Administration of Customs (GAC). Imports surged 23.6 percent, while exports rose 17.6 percent during the January-October period.

China's foreign trade has kept up its momentum this year, showing greater resilience and vitality, said Lyu Daliang, director of the GAC's Department of Statistics and Analysis.

Both imports and exports have now posted double-digit growth for six consecutive months through October, the customs data showed. In October alone, goods trade expanded 31.2 percent.

Notably, imports have been a standout feature this year.

"In the first 10 months, China's imports from more than 150 countries and regions recorded growth. Imports from ASEAN, Latin America and Africa all reached record highs for the same period," Lyu said. "China's vast market continued to offer 'China opportunities' to the world."

On the export side, mechanical and electrical products played a prominent role with a 25.2 percent increase over the period, accounting for 64.7 percent of total exports, up 3.9 percentage points from a year earlier.

Smart and green products were among the fastest-growing categories. Exports of integrated circuits and memory components surged 101.9 percent and 132.5 percent, respectively, while 3D printers, digital cameras and industrial robots rose 104.8 percent, 41.4 percent and 17.8 percent.

Exports of China's "new three" -- electric vehicles, photovoltaic products and lithium batteries -- grew 46.5 percent, electric motorcycles and bicycles rose 33.3 percent, and wind turbines and their components gained 19.7 percent.

By trading partner, China's trade with ASEAN grew 24.2 percent in the first 10 months, while trade with the European Union rose 8.5 percent and trade with the United States expanded 6.3 percent. Trade with Belt and Road participating countries grew 18.5 percent over the same period.

Source: Xinhua News Agency

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