Review of China’s Foreign Trade in the 1st Quarter, 2019


According to China Customs statistics, in the first quarter (Q1) of 2019, China’s foreign trade volume stood at RMB7.01 billion, an increase of 3.7% year-on-year (similarly hereinafter). Exports increased by 6.7% to RMB3.77 trillion and imports grew by 0.3% to RMB3.24 trillion. The trade surplus increased by 75.2% to RMB 529.67 billion.

In USD terms, the trade volume reached USD1.03 trillion in Q1, a decrease of 1.5%. The exports hit USD551.76 billion, up by 1.4%. The imports registered USD475.45 billion, down by 4.8%. The trade surplus was USD76.31 billion, an increase of 70.6%.

Source: China Customs