In terms of US dollars, China ’s exports in December increased by 7.6% year-on-year, a marked increase from the previous month, and its export value hit its highest level in history. The month is expected to grow by 2.9%, and the previous value fell by 1.1%.

    The total value of imports and exports of China's goods trade in 2019 was 31.54 trillion yuan, an increase of 3.4% over 2018. Among them, exports were 17.23 trillion yuan, an increase of 5%. In terms of U.S. dollars, China ’s exports increased by 0.5% last year, the lowest increase since 2016 (exports were negative in 2016); imports fell by 2.8%, and the trade surplus exceeded US $ 420 billion.

    Last year, the ranking of China's major trading partners changed, and ASEAN replaced the United States as China's second largest trading partner. Specifically, in 2019, China's imports and exports to the EU's largest trading partner, the EU, was 4.86 trillion yuan, an increase of 8%; imports and exports to ASEAN were 4.43 trillion yuan, an increase of 14.1%; and exports to the United States were 3.73 trillion yuan, a decrease of 10.7% .

    In addition, according to customs statistics, in 2019 China's imports and exports to countries along the “Belt and Road” were 9.27 trillion yuan, an increase of 10.8%, which was 7.4 percentage points higher than the overall growth rate, accounting for nearly 30% of the total value of imports and exports, an increase from 2018. 2 percentage points.

    From 2014 to 2019, China's trade value with the countries along the “Belt and Road” has accumulated more than 44 trillion yuan, with an average annual growth rate of 6.1%. China has become the largest trading partner of 25 countries along the route.

    It is particularly noteworthy that in 2019, private enterprises have also been expanding their efforts in emerging markets, and their exports to emerging markets such as ASEAN, Latin America, and Africa have increased by 25.6%, 11.4%, and 15.6%, respectively.