China's foreign trade maintains sound momentum in first three quarters
Baku, October 14, AZERTAC
China's foreign trade maintained sound momentum in the first three quarters of 2026, with both exports and imports growing rapidly and the overall growth rate reaching its highest level for the same period in five years, Xinhua reported, citing the country’s General Administration of Customs (GAC).
The country's total imports and exports rose 18.8 percent year on year to 39.94 trillion yuan (about 5.94 trillion U.S. dollars) in the January-September period, according to the GAC.
Growth accelerated through the year, with the expansion rate rising from 15.3 percent in the first quarter to 18.3 percent in the second quarter and 22.3 percent in the third quarter.
Foreign trade growth in the first three quarters was the fastest for the same period in the past five years, with both quarterly and monthly growth rates generally accelerating, said Wang Jun, GAC's deputy head.
"Latest international data show that such a growth rate ranks among the top among major economies, and China remains the world's largest trader of goods," the official told a press conference on Wednesday.
Exports increased 16.4 percent year on year to 23.2 trillion yuan, while imports expanded by 22.3 percent to 16.74 trillion yuan, GAC data showed.
In September alone, China's total imports and exports reached 5.16 trillion yuan, up 27.5 percent from a year earlier and crossing the 5-trillion-yuan mark for the first time. This figure also marked the sixth consecutive month of double-digit monthly growth.
Exports rose 29.6 percent year on year to 3.03 trillion yuan, while imports grew 24.6 percent to 2.13 trillion yuan for the month.
The country's trade with more than 180 countries and regions expanded during the first three quarters. Trade with free trade partners reached 19.55 trillion yuan, up 30 percent and contributing over 70 percent of the total trade increment. Meanwhile, trade with other APEC economies rose 23.9 percent to 24.07 trillion yuan.
Trade with ASEAN grew 22.7 percent to 6.84 trillion yuan, that with the European Union rose 8.4 percent to 4.78 trillion yuan, and trade with the United States increased 4.1 percent to 3.18 trillion yuan.
Exports continued to shift toward new and higher-quality growth drivers. The equipment manufacturing sector contributed nearly 90 percent of the export increment, while intermediate goods accounted for more than half of total exports, underpinning global industrial and supply chains, according to the GAC.
Other news in this section
