(MENAFN) In the first half of 2024, Beijing recorded a historic foreign trade figure of 1.83 trillion yuan (approximately USD256.61 billion). According to official data released by the Beijing Municipal Customs Administration, the city's import and export volume saw a year-on-year increase of 3.6 percent, contributing to 8.7 percent of China's total foreign trade. Emerging industries have significantly fueled Beijing's export growth during this period, representing 27.8 percent of the city's total export volume.

Overall, China's total imports and exports of goods rose by 6.1 percent year-on-year in yuan terms during the first six months of the year. Specifically, dollar-denominated exports experienced an 8.6 percent year-on-year growth in June, following a 7.6 percent rise in May, as reported by customs data on Friday. Conversely, Chinese imports fell by 2.3 percent in June after a 1.8 percent increase in the previous month. This decline in imports contributed to an increase in China's trade surplus, which grew to USD99.05 billion from USD82.62 billion in May, surpassing the anticipated rise to USD85 billion.

Despite facing new Western restrictions on imports of Chinese-made electric vehicles, China's auto exports demonstrated resilience, rising by 18 percent year-on-year in June. This data underscores the robust performance of China's trade sector amid various global economic challenges. 

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