China's trade with other BRICS members up 11.3 pct in Q1
Release time：2024-05-07 16:23:19 Source：Planet Perspectives 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：Trump faces jail threat over gag order as prosecutors zero in on transactions at heart of the case
- Next：Putin is starting his 5th term as president, more in control of Russia than ever
Related articles
- Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
- How electorate candidates funded their campaigns
- Pair arrested for alleged theft of $20,000 worth of Lego
- Russia sentences Pussy Riot activist to six years in absentia for Ukraine "war fakes"
- Now Take That fans are left fuming after venue change from crisis
- China economy update: Evergrande shares plunge 70 per cent
- Death toll rises in Taiwan's strongest earthquake in 25 years
- 'Devil in the details' when considering biofuels
- Stars and DeBoer moving on after ousting Cup champ Vegas in tight 7
- Biden administration imposes first
- Minnesota legislators consider constitutional amendment to protect abortion and LGBTQ rights
- Petrobras reports net profit of BRL 124.6 bi in 2023
- Reserve Bank holds OCR at 5.5 percent
- Alicudi: Italian island offers goats up for adoption
- What we learned from local votes ahead of looming UK general election
- 'We will not be silenced': Gisborne council backs Māori wards
- Builders hope Resource Management Act change will speed up papakāinga developments
- Biden administration imposes first
- John Swinney expected to lead Scotland after being confirmed as Scottish National Party leader
- 'Major logistics exercise' to deliver humanitarian aid from NZ to Gaza
Random recommendation
Citizens in Yinchang enjoyed outdoor skiing during the Spring Festival holidayPeng Liyuan Calls for Joint Actions to Promote Women's Full DevelopmentThe young and old in Suzhou enjoyed the Double Ninth Festival together in autumn outingsTourism booms in threeChina successfully deploys QueqiaoXi Story: Spirit of Ancient Poet Resonates in Modern ChinaXi Story: Tackling Public Complaints HeadGuizhou mountain tourism is peak treatShenzhen has a taste of France at food expoXiplomacy: Chinese President Corresponds with Belgian Zookeeper over Pandas, Friendship
- Copyright © 2024 Powered by China's trade with other BRICS members up 11.3 pct in Q1 ,Planet Perspectives news portal sitemap