China's trade in 2024: Diversified Growth and Vast Cooperation Potential
In 2024, China's total import and export value of goods trade reached ¥ 43.85 trillion, marking a 5% year-on-year growth and setting a new historical record. China's import and export trade continues to demonstrate a trend of diversified development, with significant growth in trade with “the Belt and Road” Initiative partner countries, ASEAN, Latin America, Africa, the five Central Asian countries, and Central and Eastern Europe, which highlights China’s broad influence in global trade and its strong potential for cooperation.
On the export aspect, China’s export value in 2024 reached ¥ 25.45 trillion, an increase of 7.1% year-on-year, maintaining growth for eight consecutive years and surpassing the ¥ 25 trillion threshold for the first time.
The structure of China’s exports is continuously improving and upgrading. The exports of mechanical and electrical products such as high-end equipment, machinery, and automation devices have grown significantly, along with high-tech products such as electric vehicles, 3D printers, and industrial robots. These products provide visitors with more high-value-added and technologically advanced options, reflecting the transformation and upgrading of China’s manufacturing sector and its enhanced global competitiveness.
As the world’s largest goods trading nation, China boasts a comprehensive industrial and supply chain system, serving as a major production and export hub for a vast range of goods. Whether in traditional manufacturing or high-tech industries, China’s market presents immense opportunities for growth and collaboration.
For visitors, actively participating in relevant trade exhibitions is crucial. Through these platforms, visitors can more conveniently and efficiently access to high-quality suppliers from different regions of China, expanding procurement channels, diversifying product choices, and optimizing supply chain layouts. This enables visitors to gain a competitive edge in global trade.
