China’s trade surplus at record US$877.6B in 2022

China’s trade surplus swelled to a record $877.6 billion in 2022 as exports rose 7% despite weakening U.S. and European demand and anti-virus controls that temporarily shut down Shanghai and other industrial centres.

In Yuan terms, the annual trade surplus is recorded at 42.07 trillion, up by 7.7% compared to 2021. Spokesperson of the General Administration of Customs of China said that China’s exports and imports with Russia in 2022 hit a record high at 1.28 trillion Yuan.