GACC: China's foreign trade value hits record high in Q1

China's foreign trade value totaled Yuan 11.84 trillion ($1.74 trillion) during the first quarter of 2026, recording a huge 15% on-year leap and surpassing the Yuan 11 trillion threshold for the first time ever, according to the latest data released by the country's General Administration of Customs (GACC) on April 14.

Within the total, the value of exports mounted by 11.9% on year to Yuan 6.85 trillion, while that of imports surged by 19.6% on year to Yuan 4.99 trillion during the first three months. The top two trade partners with China in Q1 was the ASEAN region and the European