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Economy

In the first five months, the import and export of China and other BRICs countries increased by 12.1% year-on-year

2022-06-21   

According to data released by the General Administration of Customs on the 21st, in the first five months of this year, China's bilateral trade with Russia, Brazil, India and South Africa continued to grow, with a total import and export value of 1.31 trillion yuan, a year-on-year increase of 12.1%, 3.8 percentage points higher than the overall growth rate of China's foreign trade in the same period. Specifically, in the first five months, China's exports to other BRICs countries reached 656billion yuan, an increase of 18.1%; Imports reached 651.71 billion yuan, up 6.6 percent. In terms of countries, Russia is China's largest partner among the BRICs countries. In the first five months, the total value of bilateral trade was 419.8 billion yuan, an increase of 26.5%. Among them, the export was 156.7 billion yuan, an increase of 5.2%; Imports totaled 263.1 billion yuan, up 43.9 percent. In addition, China's import and export to Brazil reached 415billion yuan, an increase of 7.3%; The import and export to India reached 344.25 billion yuan, an increase of 10%; Imports and exports to South Africa amounted to 128.65 billion yuan, down 5%. In terms of major import and export commodities, mechanical and electrical products and labor-intensive products account for about 69.7% of China's total export value to other BRICs countries, and energy products, agricultural products, metal mines and mineral sands account for about 76.3% of China's total import value from other BRICs countries. The General Administration of Customs said that China's bilateral trade with other BRICs countries is highly complementary. With the deepening and implementation of BRICs economic and trade cooperation, China's import and export with other BRICs countries is expected to continue the growth trend since last year. (Xinhua News Agency)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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