Great for my country! China's trade with many countries hits record

Against the backdro of the ongoing spread of the epidemic and the sluggish global economic recovery, trade between China and many countries and regions is still in full swing.

China - Central and Eastern Europe

The latest data released by the General Administration of Customs shows that in 2021, the total bilateral trade between China and Central and Eastern Europe will be US$124.02 billion, a year-on-year increase of 29.7%.

Among them, the total bilateral trade in agricultural products was 1.57 billion US dollars, an increase of 13.9%, of which exports were 780 million US dollars, a year-on-year increase of 6%; imports were 790 million US dollars, a year-on-year increase of 23.1%.

China - Five Central Asian Countries

In the China-Central Asia Economic and Trade Cooperation Forum, Minister of Commerce Wang Wentao said that since the establishment of diplomatic relations between China and the five Central Asian countries 30 years ago, the trade volume with the five Central Asian countries has increased by more than 100 times, and the stock of direct investment in the five Central Asian countries has exceeded 14 billion. USD, and the scale of trade and investment cooperation has continued to grow.

And continue to deepen economic and trade pragmatic cooperation, and achieved solid and heavy cooperation results. A number of major projects have been successfully implemented, helping Central Asian countries to upgrade their industries, connect and improve people's livelihoods.

China - Italy

According to the website of the General Administration of Customs, the total import and export volume between China and Italy in 2021 will reach US$73.954 billion, a year-on-year increase of 34% and a record high.

my country's exports to Italy were US$43.632 billion, a year-on-year increase of 32.5%; self-initiated imports were US$30.322 billion, a year-on-year increase of 36.3%; China's trade surplus with Italy reached US$13.31 billion, a year-on-year increase of 24.5%.

China-UK

The latest figures show that in 2021, China will export goods worth around £63.5 billion to the UK, with office and telecommunications technology each accounting for more than £6 billion.

In total, Chinese goods are around £12bn more than German goods and around £26bn more than US goods. Chinese goods account for about one-seventh of total imports.

China - Ireland

The Chinese ambassador to Ireland recently stated that the bilateral trade volume between China and Ireland in 2021 will exceed US$20 billion for the first time, reaching US$22.95 billion.

At the same time, he said that China-Ireland trade continued to maintain a rapid development trend last year, and the bilateral trade volume increased by 27.2% year-on-year. Among them, China's exports to Ireland were US$5.32 billion, an increase of 33.2%; China's imports from Ireland were US$17.63 billion, an increase of 25.5%. This proves the complementarity and huge potential of the bilateral economic and trade relations between China and Ireland.

China-Russia

Gao Feng, a spokesman for the Ministry of Commerce, said that in 2021, bilateral trade between China and Russia will reach a "new high", and the trade volume of goods between China and Russia will reach US$146.87 billion, breaking the US$140 billion mark for the first time in history, a year-on-year increase of 35.9%. China has been stable for 12 consecutive years. Russia's largest trading partner country.

Among them, the trade volume of mechanical and electrical products between China and Russia was 43.4 billion US dollars, an increase of 40.7%, which was 4.8 percentage points higher than the growth rate of bilateral trade. China's exports of automobiles, home appliances, and construction machinery to Russia have grown rapidly, and imports of agricultural products and food such as beef and dairy products have maintained a good momentum.

China-ASEAN

The trade scale between China and ASEAN in 2021 will rise against the trend and hit a new record high. The latest data released by the General Administration of Customs of China shows that trade between China and ASEAN will maintain rapid growth in 2021, with a total value of US$878.2 billion, a year-on-year increase of 28.1%.

Among them, China's exports to ASEAN were US$483.69 billion, a year-on-year increase of 26.1%; ASEAN's exports to China were US$394.51 billion, a year-on-year increase of 30.8%. ASEAN has been China's largest trading partner for two consecutive years.

China - Ecuador

In recent years, the economic and trade cooperation between China and Ecuador has achieved remarkable results, and bilateral trade has grown significantly. In 2021, the total bilateral trade between China and Ecuador will reach US$10.95 billion, a year-on-year increase of 44.5%. China has become Ecuador's second largest trading partner for two consecutive years.

In September 2021, China and Ecuador will launch a joint feasibility study on the free trade agreement, which will be completed in January 2022. The negotiation and signing of the free trade agreement will help to further tap the potential of bilateral trade between China and Ecuador, and promote the sustainable, stable and diversified development of bilateral trade.

China-Latin America

According to data released by China Customs a few days ago, the total trade volume between China and Latin America in 2021 will hit a new high, with a total import and export volume of approximately US$451.591 billion, an increase of 41.1% over 2020. China will continue to remain the second largest trading partner in Latin America.

China's imports and exports to Latin America were US$222.582 billion and US$229.009 billion respectively, both hitting new highs. In comparison with other regions, China-Latin America trade has grown the most. The economic and trade cooperation between China and Latin America has demonstrated resilience in the face of the epidemic, injecting vitality and confidence into the recovery of the world economy.

In addition, during the opening ceremony of the Winter Olympics, Argentine President Fernandez officially signed China's "Belt and Road" initiative, and since then will receive more than 23 billion US dollars of Chinese investment from the agreement.

With Argentina leading the way, other major economies may follow suit, paving the way for China's broader Latin American cooperation.