GACC: China’s Total Foreign Trade Value Exceeds RMB40 Trillion For First Time

China’s total value of imports and exports in goods trade reached RMB42.07 trillion (USD6.25 trillion) in 2022, an increase of 7.7% in comparison with 2021, hitting a new record high. In the given time, China’s exports value increased by 10.5% and imports value increased by 4.3%, marking that China has been the largest country in goods trade for six consecutive years, according to the General Administration of Customs of China (GACC).