In November 2024, the total exports recorded a year-over-year growth of 6.7 percent. 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. 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. (December 18, 2024). Annual change in the value of monthly exports in China from November 2022 to November 2024 [Graph]. In Statista. Retrieved December 23, 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 November 2022 to November 2024." Chart. December 18, 2024. Statista. Accessed December 23, 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 November 2022 to November 2024. Statista. Statista Inc.. Accessed: December 23, 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 November 2022 to November 2024." Statista, Statista Inc., 18 Dec 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 November 2022 to November 2024 Statista, https://www.statista.com/statistics/271617/change-in-monthly-exports-from-china/ (last visited December 23, 2024)
Annual change in the value of monthly exports in China from November 2022 to November 2024 [Graph], China Customs, December 18, 2024. [Online]. Available: https://www.statista.com/statistics/271617/change-in-monthly-exports-from-china/