China strengthens global trade dominance with record $6.1 trillion in imports and exports

China maintained its position as the world’s largest goods trader in 2024, with total imports and exports reaching an impressive $6.1 trillion, marking a 5% increase from the previous year, according to data from the General Administration of Customs (GAC). The steady growth underscores China’s resilience in global trade despite economic uncertainties and shifting geopolitical dynamics.

National Bureau of Statistics of China revealed that export growth surged by 7.1%, primarily fueled by high-tech industries such as electric vehicles, 3D printing, and industrial robotics. Machinery exports played a crucial role, accounting for 59.4% of total outbound shipments, reinforcing China’s status as a manufacturing powerhouse. The rise in exports reflects strong global demand for Chinese technology-driven goods, positioning the country at the forefront of the evolving industrial landscape.

Imports saw a more modest increase of 2.3%, with significant growth in key sectors. Semiconductor imports surged by 21%, while computer parts jumped by 62.6%. Consumer demand also contributed to the rise, with increased imports of clothing, fruits, and wine, signaling shifts in domestic consumption patterns.

Government trade policies played a crucial role in stabilizing China’s foreign trade. Measures aimed at optimizing port efficiency and reducing trade barriers helped maintain steady growth. The expansion of zero-tariff policies for least-developed countries further boosted imports in strategic sectors, reinforcing China’s commitment to fostering global trade partnerships.

As China adapts to an evolving trade landscape, its ability to sustain growth in exports and imports will remain critical. With a strong focus on high-tech industries and policy-driven trade facilitation, the country will remain a dominant force in global commerce, shaping supply chains and international market trends in the years ahead.