In October this year, China’s total foreign trade value amounted to $307.299 billion, indicating a month-on-month decrease of 6.1 percent and a year-on-year decrease of 4.9 percent, as announced by the Chinese customs authorities on November 8. In the given month, the total value of China’s exports amounted to $178.178 billion, down 3.5 percent month on month and decreasing by 7.3 percent year on year, while Chinese imports totaled $129.121 billion in value, down 9.5 percent month on month and declining by 1.4 percent year on year, resulting in a trade surplus of $49.056 billion.
In the January-October period of the current year, China’s total foreign trade value amounted to $2.981481 trillion, down 7.6 percent year on year, while the total value of China’s exports amounted to $1.711548 trillion, down 7.7 percent, while the value of imports declined by 7.5 percent year on year to $1.269934 trillion, resulting in a trade surplus of $441.614 billion in the given period.