GACC: China’s Total I/E Value Up By 10.7% In Q1

According to General Administration of Customs of the People’s Republic of China (GACC), in the first quarter of 2022, China’s import and export value stood stable and totaled RMB9.42 trillion (USD1.48 trillion), up by 10.7% YoY. In detail, the export value reached RMB5.23 trillion (USD821.6 billion), increasing by 13.4% and import value achieved RMB4.19 trillion (USD658.2 billion), an increase of 7.5% YoY.