Some Chinese trade data is dribbling out. 2024 total imports +2.3% y/y

Data dripping out from China’s Customs.

Customs officials say that imports were impacted by global commodities price changes in H2 of 2024.

• Some countries’ ‘politicization of economic and trade issues’ and ‘abuse of export controls’ also impacted China’s imports last year.
• There is still plenty of space for China’s imports growth this year.

More:

• yuan denominated exports in 2024 +7.1% y/y
• No matter how external environment changes, China will firmly push forward opening up.
• China firmly opposes trade protectionism.

This article was written by Eamonn Sheridan at www.forexlive.com.