China's trade with other BRICS members up 11.3 pct in Q1
Release time：2024-05-07 17:17:36 Source：Culture Channel news portal
-
BEIJING, May 1 (Xinhua) -- China's trade with other BRICS members hit 1.49 trillion yuan (about 209.7 billion U.S. dollars) in the first quarter, up 11.3 percent year on year, according to customs authorities. The trade value accounted for 14.7 percent of the nation's total foreign trade value during the same period, said the General Administration of Customs (GAC). Among BRICS members, China's exports to Brazil and imports from it rose 25.7 percent and 30.1 percent year on year, respectively, in the first quarter. Trade between China and Russia continued to expand during the period, featured by growth in traded products such as energy, automobiles, as well as general machinery and equipment, according to the GAC. Trade between China and India grew 8.5 percent in the first quarter, marking growth for five consecutive quarters. Meanwhile, as China's largest trading partner in Africa for 14 consecutive years, South Africa saw robust growth in its trade with China. During the first quarter, China's exports to South Africa totaled 35.11 billion yuan, while its imports from the African nation stood at 66.46 billion yuan, said the GAC. Customs data showed that China has maintained good cooperation with Saudi Arabia and the United Arab Emirates in the field of energy trade. The two countries were among the top 10 sources of energy products imported into China in the first quarter. China also carried out practical cooperation with Egypt and Ethiopia in the field of infrastructure, while in the first quarter, China's export of contracted projects to the above two countries achieved rapid growth, according to the GAC. Meanwhile, Chinese-manufactured goods were popular in Iran, with China's exported goods purchased by the Iranian market growing 15.2 percent year on year in the first quarter, the data shows. Lyu Daliang, director of the GAC's Department of Statistics and Analysis, said that the value of goods trade among BRICS countries accounted for about 20 percent of the world's total. There remains great potential for trade to grow among BRICS nations and the bloc is expected to become an "accelerator" for global economic recovery and trade development, the official said. BRICS is the acronym for an emerging-market cooperative mechanism that initially featured Brazil, Russia, India, China and South Africa. On Jan. 1, 2024, Saudi Arabia, Egypt, the United Arab Emirates, Iran and Ethiopia joined BRICS.
（Editor:Liao Yifan）
- Previous：Atalanta comes from behind to beat Salernitana and improve Champions League chances
- Next：Trump hush money trial: Prosecutors move deeper into ex
Related articles
- Overseas businessmen show confidence in Hong Kong's business environment
- Interview: China's economic landscape displays stable, diversified trend: economist
- Energy storage industry put on fast track in China
- Chinese C919 jetliner arrives in Singapore to attend airshow
- Revealed: The '18 DEMANDS' Muslim Vote group issued to Keir Starmer after dozens of pro
- China's privately offered funds hit 20.58 trln yuan
- China’s two sessions gather strength for high
- German agribusiness giant Bayer confident in China's seed industry
- Nutrition experts add traffic light health labels to famous food paintings
- New focus boosting global supply chains
- NBC will stick with dual announcers and analysts for the US Open
- China sees robust recovery, vigorous growth in cultural, tourism industries: minister
- China’s unemployment rate for youth aged 16
- Chinese carriers allowed to operate more flights to US
- College protests: Columbia University cancels main commencement
- It's the first drug shown to slow Alzheimer's. Why is is it off to a slow start?
- Interview: Mercedes
- China expands transport network to facilitate high
- China's software industry logs steady growth in Q1
- China's Xiaomi releases its first self
Random recommendation
Creating Touching Stories from Chinese PerspectiveChinese Celebrate Spring FestivalHelping Fellow Villagers Attain WealthHelping Fellow Villagers Attain WealthMother's Entrepreneurship Recycling Fund Celebrating 25th AnniversaryTraditional Yi Village Gains New VitalityTibet's cultural tourism receives help from upgraded facilitiesRetired Principal Promotes 'Red Spirit' via ReadingTibetan Students Receive Care, Education in WuhanMultiethnic Family Lives in Harmony on Grassland
- Copyright © 2024 Powered by China's trade with other BRICS members up 11.3 pct in Q1 ,Culture Channel news portal sitemap