Latest data released by China's General Administration of Customs on November 7 showed that in the first 10 months of this year, China's goods trade maintained a steady growth trend, with total import and export values increasing by 3.6% year-on-year.
From the perspective of export products, the foreign trade structure has been further optimized, with mechanical and electrical products accounting for over 60% of exports, and significant growth in the export of integrated circuits and automobiles.
From the perspective of trade partners, China's imports and exports to ASEAN and the European Union have grown.
ASEAN is China's largest trading partner, with total trade value between China and ASEAN increasing by 9.1% year-on-year.
The European Union is China's second-largest trading partner, with the total trade value between China and the EU increasing by 4.9% year-on-year.
The United States is China's third-largest trading partner, with bilateral trade volume decreasing by 15.9% year-on-year.
On March 10, UN Secretary-General's spokesperson Dujarric pointed out that if the Strait of Hormuz were closed, global energy and food markets would be impacted.
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