China's trade with other BRICS members up 11.3 pct in Q1
Release time：2024-05-07 17:42:48 Source：Earthly Insights 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：Anaheim Ducks goaltending coach Sudarshan Maharaj declared cancer
- Next：Trump Media fires auditing firm that US regulators have charged with 'massive fraud'
Related articles
- Travis Kelce parties at star
- Fury over NYC restaurant reservation scalpers making $80k a year by hoarding coveted dining slots
- Blackhawks agree to a 6
- Technical glitch temporarily closed southern Norway airspace, causing delays at Oslo airport
- Baby Reindeer knocked off Netflix's top spot by new 'must
- Mac of the net! Football
- Harvey Weinstein’s rape conviction from landmark #MeToo trial overturned
- Tori Spelling reveals no one has 'broken my heart' since 'first love' and Beverly Hills, 90210 co
- Nutrition experts add traffic light health labels to famous food paintings
- DEAR JANE: My best friend invited me on vacation with her
- Julia Fox and Law Roach team up for a sustainable fashion competition show
- Spring/summer jean trends: Seven celeb
- Leverkusen defender Jonathan Tah looks to finish historic season unbeaten and with more trophies
- DEAR JANE: My best friend invited me on vacation with her
- Hospital operator Steward Health Care files for bankruptcy protection
- China's cultural tourism embraces immersive
- Naomi Watts, 55, proves she's in the best shape of her life as she flexes her eye
- First round of North Macedonia's presidential polls shows big shift towards center
- Dodgers place Kelly on injured list. Buehler activated to make first start in 2 years
- Woman, 43, accused of murdering her disabled mother
Random recommendation
Tianjin Port builds highSri Lanka to join Regional Comprehensive Economic Partnership: presidentA look at how jury selection will work in Donald Trump's first criminal trialChina to build pilot zones for special needs education reformItaly's fashion brands have Chinese connectionCountry star Morgan Wallen is seen for the FIRST time since his arrest as he steps out with exChinese new energy vehicle sector speeds up expansion overseasChina shortens infectious disease reporting time to four hoursChina to build pilot zones for special needs education reformDirect flight links China's Fuzhou with Seoul in ROK
- Copyright © 2024 Powered by China's trade with other BRICS members up 11.3 pct in Q1 ,Earthly Insights news portal sitemap