China's trade with other BRICS members up 11.3 pct in Q1
Release time：2024-05-07 17:41:37 Source：International Insight 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：US and Philippine forces stage combat drills near strategic channel off southern Taiwan
- Next：Tom Brady roast: Netflix live event features Robert Kraft and Bill Belichick reunion
Related articles
- North Dakota state rep found guilty of misdemeanor charge tied to budget votes and building
- 2nd China Women's Handicraft Innovation and Entrepreneurship Competition Concludes, Winners Awarded
- China to Launch Law Popularization Campaign Aimed at Rural Women
- ACWF, China Media Group and Ministry of Education Co
- These 15 AP photos capturing migrants' struggle were honored with a Pulitzer Prize
- Shen Attends SCO Forum on People
- Exhibition on Achievements in China Women and Children's Cause Opens in Beijing
- Huang Delivers Keynote Speech at Virtual Dialogue on Promoting China
- These 15 AP photos capturing migrants' struggle were honored with a Pulitzer Prize
- Asian Paralympic Committee president declares Hangzhou Asian Para Games closed
- Baby Reindeer knocked off Netflix's top spot by new 'must
- ACWF Enhances Capacity Building for Women's Social Organizations in Western China
- ACWF Holds Meeting for Presidents of Provincial
- ACWF Raises Funds and Supplies for Flood Control, Disaster Relief in Henan
- GOP secretary of state who spoke out against election denialism wins JFK Profile in Courage Award
- China to keep sharing development fruits with global businesses: vice president
- China Launches Women Volunteers' Service Campaign
- ACWF Celebrates China
- Strictly's Katya Jones, 34, shares fears over her 'maternal clock' amid busy dance schedule
- Huang Addresses via Video 13th Straits Forum, Women's Forum Held in Fuzhou, Taichung
Random recommendation
NFL teams pick up 5thNew Mexico reaches record settlement over natural gas flaring in the Permian BasinRaiders expected to sign exOutfielder Aaron Hicks designated for assignment by Angels after poor startGenoa beats Cagliari 3New Mexico reaches record settlement over natural gas flaring in the Permian BasinInvestors trying to take control of Norfolk Southern railroad pick up key supportPoliticians, dog experts vilify South Dakota Gov. Kristi Noem for killing her dogTurner hits 2 home runs, Jansen also connects as Blue Jays beat Royals 6A retired Roman Catholic bishop who tried to mediate between cartels in Mexico has been kidnapped
- Copyright © 2024 Powered by China's trade with other BRICS members up 11.3 pct in Q1 ,International Insight news portal sitemap