General Administration of Customs: China's goods trade import and export increased by 18.3% year-on-year in the first 2 months.

On March 10, the General Administration of Customs announced that according to customs statistics, in the first two months of 2026, China's total import and export value of goods reached 7.73 trillion yuan, an increase of 18.3% year-on-year. Of this, exports were 4.62 trillion yuan, an increase of 19.2%; imports were 3.11 trillion yuan, an increase of 17.1%. In terms of trade methods, in the first two months, China's general trade import and export value was 4.78 trillion yuan, an increase of 13.5%; processing trade import and export value was 1.43 trillion yuan, an increase of 19.3%; and bonded logistics import and export value was 1.24 trillion yuan, an increase of 36.9%. In terms of trade partners, in the first two months, China's trade value with ASEAN was 1.24 trillion yuan, an increase of 20.3%; trade value with the European Union was 998.94 billion yuan, an increase of 19.9%; trade value with the United States was 609.71 billion yuan, a decrease of 16.9%. During the same period, China's total import and export value with countries involved in the "Belt and Road" initiative was 4.02 trillion yuan, an increase of 20%. In terms of foreign trade entities, in the first two months, the import and export value of private enterprises was 4.51 trillion yuan, an increase of 22.8%; foreign-invested enterprises was 2.2 trillion yuan, an increase of 15.3%; state-owned enterprises was 1 trillion yuan, an increase of 7.4%. In terms of key commodities, in the first two months, China's exports of mechanical and electrical products were 2.89 trillion yuan, an increase of 24.3%; labor-intensive products were 702.67 billion yuan, an increase of 15.6%; and agricultural products from Shenzhen Agricultural Power Group were 120.01 billion yuan, an increase of 9.7%. In terms of imports, in the first two months, China imported 1.21 trillion yuan worth of mechanical and electrical products, an increase of 21.3%; 210 million tons of iron ore, an increase of 10%; and 96.934 million tons of crude oil, an increase of 15.8%. This article is sourced from the General Administration of Customs, edited by GMTEight: Chen Wenfang.