The Association of Southeast Asian Nations (ASEAN) surpassed the United States to become China's second-largest trading partner in 2019, according to official data released Tuesday (14.01.2020).
China's trade volume with ASEAN rose 14,1 percent last year to 4,43 trillion yuan (about 642.700 billion U.S. dollars), according to data from the General Administration of Customs (GAC).
The European Union remained China's largest trading partner, with annual growth of 8 percent, reaching 4,86 trillion yuan in bilateral trade, while the United States ranked third with a drop of 10,7 percent compared to 2018, totaling 3,73 trillion yuan, according to data from the AGA.
Trade between China and its fourth-largest trading partner Japan rose 0,4 percent to 2,17 trillion yuan.
China's trade with countries participating in the Belt and Road Initiative continued to gain momentum, rising 10,8 percent to 9,27 trillion yuan in total.
China's foreign trade recorded an increase of 3,4 percent to reach 31,54 trillion yuan in 2019.
Source: Xinhua
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