In March 2024, the total exports amounted to almost 280 billion U.S. dollars. Due to its effective pandemic management, China's foreign trade saw a swift recovery from the coronavirus pandemic.
Export industry development
In the past decade, China has been the largest exporter of goods in the world, accounting for nearly 14.4 percent of the total global merchandise exports as of 2022. China exports around a third of all household and hi-tech goods traded worldwide and nearly a quarter of all textile and apparel. The country’s exports dropped significantly the year after the global financial crisis of 2007-2008 yet reached its record growth of 31.3 percent in 2010. Chinese export growth has been decelerating as a result of the Sino-U.S. trade war between 2017 and 2020. The outbreak of the global Coronavirus pandemic, however, provided the country with a new opportunity in its export trade. That year, China recorded over 21 percent year-on-year growth in exports.
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China Customs. (April 23, 2024). Annual change in the value of monthly exports in China from March 2022 to March 2024 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/271617/change-in-monthly-exports-from-china/
China Customs. "Annual change in the value of monthly exports in China from March 2022 to March 2024." Chart. April 23, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/271617/change-in-monthly-exports-from-china/
China Customs. (2024). Annual change in the value of monthly exports in China from March 2022 to March 2024. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/271617/change-in-monthly-exports-from-china/
China Customs. "Annual Change in The Value of Monthly Exports in China from March 2022 to March 2024." Statista, Statista Inc., 23 Apr 2024, https://www.statista.com/statistics/271617/change-in-monthly-exports-from-china/
China Customs, Annual change in the value of monthly exports in China from March 2022 to March 2024 Statista, https://www.statista.com/statistics/271617/change-in-monthly-exports-from-china/ (last visited July 27, 2024)
Annual change in the value of monthly exports in China from March 2022 to March 2024 [Graph], China Customs, April 23, 2024. [Online]. Available: https://www.statista.com/statistics/271617/change-in-monthly-exports-from-china/