Cargo Imports and Exports Total for First Three Quarters of Year Rises 18.8% Year-on-Year

Today, the State Council Information Office held a press conference where the National Bureau of Statistics released economic data for the first three quarters of the year. During this period, total cargo imports and exports reached 39.94 trillion yuan, up 18.8% year-on-year. Exports totaled 23.20 trillion yuan, rising 16.4%, while imports amounted to 16.74 trillion yuan, increasing 22.3%. Trade with Belt and Road Initiative partner countries grew by 17.1%. Private enterprise trade rose 19.1%, accounting for 56.9% of the total. Exports of electromechanical products increased 23.7%, representing 64.3% of export totals. In September alone, imports and exports totaled 5.16 trillion yuan, up 27.5% year-on-year, accelerating by 7.7 percentage points from the previous month. Exports were 3.03 trillion yuan (up 29.6%) and imports were 2.12 trillion yuan (up 24.6%). (CCTV News)