Cross-Strait import and export trade volume increased by 30.3% year-on-year in the first three quarters of this year
Quick Look
- According to data from the General Administration of Customs, in the first nine months of this year, the import and export trade volume between the mainland and Taiwan increased by 30.3% year-on-year, reaching US$301.18 billion; the import and export trade volume between the mainland and Hong Kong increased by 55.6% year-on-year, reaching US$405.53 billion.
- In cross-strait trade, mainland China's imports from Taiwan increased by 27.8%, and its exports to Taiwan increased by 37.3%.
- The mainland's imports from Hong Kong increased by 109.3%, and its exports to Hong Kong increased by 50.5%.
AI-generated summary
Why It Matters
The General Administration of Customs regularly publishes foreign trade data. Cross-strait and mainland-Hong Kong trade is an important part of China's foreign trade.
China News Service, Beijing, October 14. The latest statistics released by the General Administration of Customs on the 14th showed that in the first nine months of this year, the import and export trade volume between the mainland and Taiwan increased by 30.3% year-on-year, and the import and export trade volume between the mainland and Hong Kong increased by 55.6% year-on-year.
Data show that cross-strait trade volume in the first nine months of this year was approximately US$301.18 billion. Among them, the mainland imported approximately US$216.28 billion from Taiwan, a year-on-year increase of 27.8%; the mainland exported to Taiwan approximately US$84.9 billion, a year-on-year increase of 37.3%.
Looking at a single month, cross-strait trade volume in September was approximately US$41.77 billion. Among them, mainland China imported approximately US$29.84 billion from Taiwan and exported approximately US$11.93 billion to Taiwan.
In terms of trade between the mainland and Hong Kong, the import and export trade volume in the first nine months of this year was approximately US$405.53 billion. Among them, the mainland's imports from Hong Kong were approximately US$47.35 billion, a year-on-year increase of 109.3%; the mainland's exports to Hong Kong were approximately US$358.18 billion, a year-on-year increase of 50.5%.
Looking at a single month, the trade volume between the mainland and Hong Kong in September was approximately US$60.97 billion. Among them, the mainland imported approximately US$8.44 billion from Hong Kong and exported approximately US$52.53 billion to Hong Kong. (over)
What to Watch
AI outlook — possibilities, not facts
Cross-Strait trade volume is expected to continue to maintain double-digit growth throughout the year
Likely · Within months
Open Questions
- Which specific product categories are driving trade growth?
- How will cross-Strait economic and trade relations develop in the future?
