Beijing, April 14: According to data released by the General Administration of Customs of China on Tuesday, the total value of China’s import and export trade reached 11.84 trillion yuan in the first quarter of 2026, marking a 15% increase compared to the same period last year. This is the first time a quarterly value has exceeded 11 trillion yuan, and the quarterly growth rate is the highest in nearly five years.
During a news briefing organized by the Information Office of the State Council, Wang Jun, Deputy Director of the General Administration of Customs, stated that despite a complex and severe external environment, China’s imports and exports achieved relatively rapid growth in the first quarter. The main reason for this is the stable foundation of China’s foreign trade, which remains vibrant and is advancing with strong momentum.
As of the first quarter of this year, the total value of China’s imports and exports has remained above 10 trillion yuan for 12 consecutive quarters, with the growth rate returning to double digits since the fourth quarter of 2022.
In the first quarter, both ASEAN and Latin America saw a 15.4% increase in China’s imports and exports, while Africa experienced a 23.7% rise. The European Union and the UK recorded increases of 14.6% and 13.1% respectively, effectively compensating for the decline in trade with the United States.
(Source: China Media Group, Beijing)
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