中华时报
关闭

中华时报APP, 全新登场!

点击下载

China's trade with top partner ASEAN up 5.6 pct in H1

开头.jpg

The Association of Southeast Asian Nations (ASEAN) became China's biggest trading partner in the first half of this year, accounting for 14.7 percent of the nation's total foreign trade volume, amid upgraded free trade area protocol and supply chain cooperation.

China's trade with ASEAN stood at 2.09 trillion yuan (about 299 billion U.S. dollars) in the first six months, up 5.6 percent year on year. Exports to ASEAN rose 3.4 percent to 1.15 trillion yuan, while imports climbed 8.5 percent to 938.57 billion yuan, data from the General Administration of Customs (GAC) showed Tuesday.

The expansion was partly buoyed by growing farm produce trade with ASEAN members under the upgraded protocol of the China-ASEAN Free Trade Area, which came into effect in October 2019, according to GAC spokesman Li Kuiwen. The farm produce trade between the two sides grew 13.2 percent in H1.

12.jpg

▲Aerial photo taken on May 26, 2020 shows a China-Europe freight train carrying mechanical accessories, fabrics and solar photovoltaic products bound for Hanoi of Vietnam leaving a logistic hub in Hai'an, east China's Jiangsu Province. (Xinhua/Ji Chunpeng)

Another driver of trade between the two sides is the interconnectivity in electronic manufacturing between China and countries like Vietnam, Malaysia and Singapore along the global supply chain, said Li. Integrated circuits, for instance, saw imports from and exports to ASEAN grow 23.8 percent and 29.1 percent in the period.

During the same period, China's trade with Vietnam jumped 18.1 percent, pushing the bilateral trade volume to the top slot among ASEAN members, while trade with Thailand rose 9.2 percent.

结尾.jpg

China Economic Information Service (CEIS) is a specialized economic information service agency directly under Xinhua News Agency and also a pilot unit for China’s national high-end think tank construction.

Xinhua Silk Road by CEIS is a national information service platform focusing on the Belt and Road Initiative. More information available on https://en.imsilkroad.com/, and a free trial of Xinhua Silk Road Database starts from https://en.imsilkroad.com/register/index.html.