China's foreign trade hits record high in 2020 with trend-bucking growth

Time:2021-01-14 11:44:49      Source:
China's total goods imports and exports expanded 1.9 percent year on year to 32.16 trillion yuan (about 5 trillion U.S. dollars) in 2020, hitting a record high despite a worldwide slump in shipments, official data showed Thursday.
 
Exports rose 4 percent, while imports went down 0.7 percent, according to the General Administration of Customs (GAC). In December alone, exports surged by 10.9 percent year on year in yuan terms.
 
China emerged from the global economic and trade challenges in 2020 as the world's only major economy to have registered positive growth in foreign trade in goods, GAC spokesperson Li Kuiwen told a news conference.
 
During the first 10 months of last year, the country's foreign trade and exports accounted for 12.8 percent and 14.2 percent of the world's total, respectively, both reaching historic highs, Li said, citing data from the World Trade Organization and available national statistics. 
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-17
Shuozhou 5200 435 0 FOR 06-17
Ordos 5500 415 0 ex-mine 06-17
Yulin 6200 535 0 ex-mine 06-17
Liulin Low-sulphur 560 0 ex-mine 06-17
Gujiao Low-sulphur 1095 0 FOR 06-17
Xingtai Low-sulphur 1210 0 ex-Factory 06-17
Yangquan PCI 770 0 FOR 06-17
Index RMB/t WoW WoW% Date
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