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Chinas Foreign Trade Volume Reaches Historic High in First Three Quarters of 2024

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Chinas Foreign Trade Volume Reaches Historic High in First Three Quarters of 2024

Date:2024-10-28 Author:LSRPTR Click:


China's Foreign Trade Volume Reaches Historic High in 2024 Q3

China's Foreign Trade Volume Reaches Historic High in First Three Quarters of 2024

Resound Research Institute

China's import and export trade volume reached ¥32.33 trillion in the first three quarters of 2024, surpassing ¥32 trillion for the first time in history for the same period, with a year-on-year growth of 5.3%.

Unlocking Potential

At the production workshop of Zhejiang Aoli Smart Technology Co., Ltd. in Xinchang High-tech Park, automated production lines are operating at full capacity to fulfil sofa orders from European clients.

Key Performance Indicators
  • Labour-intensive Product Exports ¥797.63 billion
  • Growth Rate +8.9%

New Growth Momentum

The electrical and mechanical products workshop at Nanjing Tian Jia Environmental Technology Co., Ltd. is preparing shipments for the UAE, Singapore, and Uzbekistan.

"We provide green, low-carbon comprehensive solutions for large data centres, GMP pharmaceutical plants, and hotels. Our products' stability and adaptability to desert environments have gained market recognition."
— Wu Xiaoquan, Chief Operating Officer

Expanding Openness

The cross-border e-commerce sector has become crucial for Shandong's high-quality trade development. Weifang Comprehensive Bonded Zone has implemented reforms to facilitate trade, providing full-cycle services to enterprises.

Trade Statistics
¥52.01B
Import-Export Volume
22.4%
City's Total Share

© 2024 Resound Research Institute. All rights reserved.

Tags:Chinatradegrowth,Exporttransformation,Foreigntradedevelopment,Chineseexportindustry

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