China's total imports and exports in 2024 to hit record high, up 5% from 2018 - Chinese report

At a press conference on the 13th, a representative from the General Administration of Customs revealed that China's total merchandise trade imports and exports in 2024 will hit a record high.
According to published statistics, the total value of goods trade imports and exports in 2024 is expected to reach 43.85 trillion yen, up 5% from the previous year.
0 billion former (approximately 942 trillion yen). Of this, exports exceeded 25 trillion former for the first time, increasing by 7.1% to 25.45 trillion former (approximately 547 trillion yen). Exports have increased for eight consecutive years.
The country's imports rose 2.3% year-on-year to 18.39 trillion yen (approximately 395 trillion yen). The government's economic policies are supporting the stable growth of foreign trade.
The value of exports and imports in the fourth quarter (October-December) reached a record high of 11.51 trillion former (approximately 247 trillion yen). The rate of increase was 0.4 percentage points higher than in the third quarter (July-September).
In particular, the monthly import and export volume in December exceeded 4 trillion yen for the first time.