China-Africa trade in goods rises 27.4%

 

China-Africa trade in goods rose 27.4% year-on-year to 1.34 trillion yuan (USD 209.7 billion) in the January-October period, data from the General Administration of Customs showed.

The growth rate of imports surpassed exports in the first ten months. China’s exports to Africa reached 782.54 billion yuan between January and October, up 24.5% from a year earlier. China’s imports from Africa reached 558.14 billion yuan, an increase of 31.7% year-on-year.

China’s exports to Africa consisted mainly of mechanical and electrical products and labor-intensive products in the first ten months.

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Exports of mechanical and electrical products amounted to 355.19 billion yuan, representing 45.4% of the country’s total exports to Africa in the same period.

Exports of labor-intensive products reached 213.38 billion yuan, representing 27.3% of the total.

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