BEIJING (Xinhua) – China’s trade with Africa saw a mild increase in the first five months this year, official data showed.
China-Africa trade volume stood at USD84.76 billion during the period, up three per cent year on year, as compared with a drop of 1.6 per cent in China’s overall foreign trade in US dollar terms during the period, according to the General Administration of Customs (GAC).
In breakdown, China’s exports rose 6.3 per cent year on year to hit USD43.57 billion from January to May, while imports from Africa declined 0.3 per cent to USD41.19 billion, leading to a surplus of USD2.38 billion.
In May, China-Africa trade expanded 1.7 per cent to USD18.67 billion, with China seeing a surplus of USD1.89 billion, said the GAC.
China’s exports in the month stood at USD10.28 billion, up 8.7 per cent year on year while the imports totalled USD8.39 billion, down six per cent than a year earlier.
In 2018, China-Africa trade reached USD204.2 billion, up 20 per cent year on year, and China has been Africa’s largest trading partner for 10 straight years.