Business & Economy

Chinese foreign trade expands 27.1% in first half of 2021

Shanghai, China, Jul 13 (EFE).- Trade between China and the rest of the world rose 27.1 percent in the first six months of 2021 to 18.07 trillion yuan ($2.79 trillion), the General Administration of Customs announced on Tuesday.

China’s exports denominated in yuan increased by 28.1 percent in the first half to 9.85 trillion yuan while imports expanded by 25.9 percent to 8.22 trillion yuan, according to the customs agency.

Between January and June, China’s trade surplus stood at about 1.63 trillion yuan, 37.4 percent higher than the figure for the first half of last year.

Yuan-denominated trade with the United States, a country with which China has been in a trade dispute since March 2018, rose 34.6 percent between January and June, with exports increasing by 31.7 percent and imports of US products by 43.9 percent.

However, the North American country remained China’s third largest trading partner behind the European Union (EU) and the Association of Southeast Asian Nations (ASEAN).

The General Administration of Customs also released data for the month of June on Tuesday.

China’s trade with other countries in June rose 22 percent compared to the same month in 2020.

Meanwhile, exports grew by 20.2 percent and imports by 24.2 percent. EFE


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