Trade Data

Total 33 Posts

MOFCOM Releases Data on Services Trade

Over the first two months of 2024, China's services trade grew 22.8%, according to the Ministry of Commerce (MOFCOM), and its intellectual property (IP) exports grew over 80%.

China's Offshore Service Contracts Grow Slightly in 2023

China's Ministry of Commerce (MOFCOM) revealed that in 2023, China's total contract amount of offshore service outsourcing contracts reached US$215.4 billion, with the top destinations being the United States, Hong Kong, the European Union, and RCEP countries.

Xinjiang Exports to U.S. Rebound in 2023

According to official Chinese data, Xinjiang's exports to the United States and the rest of the world witnessed a rise last year. However, the region's trade is heavily skewed as it concentrates on a small set of nations and products.

MOFCOM Comments on Graphite Export Controls, Italy's BRI Withdrawal

At a press conference today, MOFCOM spokesperson Shu Jueting provided comments on export licensing for graphite, Italy's official withdrawal from the Belt and Road Initiative, the state visit to Vietnam, and November trade data.

Trade in Travel Service Rebounds Quickly in China; More Focus on Services Trade

Data from China's Ministry of Commerce (MOFCOM) shows that over the first ten months of 2023, services trade totaled 5.34 trillion yuan (about US$750 billion), with imports growing nearly a quarter, thanks to the recovery of travel services. Meanwhile, Beijing is trying to expand digital services

Lithuania's Exports to China Recover To Some Extent

Lithuanian Foreign Minister Gabrielius Landsbergis said in a recent interview that "most of the economic pressure measures [from Beijing] against Lithuania have been lifted." A deeper dive into its trade data with China indicates that while there has been a partial recovery from the trade disruptions of last

China, Japan, South Korea Want More Cooperation on Trade

The foreign ministers of China, Japan and South Korea met today for the first trilateral meeting since 2019 to advance cooperation in six areas, including economy and trade. The Chinese foreign minister also called for the restart of trilateral trade talks, as its trade with the two neighboring countries is
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