Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China's trade with other BRICS members up 11.3 pct in Q1 !

China's trade with other BRICS members up 11.3 pct in Q1

Time:2024-05-07 18:07:22 source:Stellar Scope 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)

Related information
  • Trump hush money trial: Prosecutors move deeper into ex
  • JAN MOIR: Why JK Rowling SHOULDN'T forgive the weaselly band
  • Mother, 24, outraged after learning shopping centre bathroom with baby changing facilities has CCTV
  • CONTRIBUTIONS STANDARD TERMS AND CONDITIONS
  • Former cruise ship worker reveals the six things she would NEVER do on board
  • WorkSafe interim chief executive Steve Haszard resigns months into job
  • HKFP Lens: Hong Kong through the eyes of photojournalist Wong Kan
  • British POW who was tortured with electric shocks, beaten and starved by Putin's troops in five
Recommended content
  • The UN says there's 'full
  • US, UK intelligence leaders raise fresh alarms about Chinese espionage
  • From deep sadness to dazzling pomp,  15 key revelations from the must
  • Meghan Markle reads books to youngsters at Los Angeles Children's Hospital on Royal
  • José Ramírez breaks Larry Doby’s team record for go
  • Isla Phillips: The little royal and great