China's foreign trade with other BRICS countries-Brazil, Russia, India and South Africa-soared 19.1 percent year-on-year to 2.38 trillion yuan ($326.85 billion) in the first seven months of 2023, data from the General Administration of Customs showed.
This accounted for 10.1 percent of the country's total foreign trade value during the seven-month period, marking a rise of 1.6 percentage points. Specifically, China's exports to these countries totaled 1.23 trillion yuan, showing a year-on-year growth of 23.9 percent, while its imports reached 1.15 trillion yuan, with a growth of 14.3 percent on a yearly basis.
China's private companies have been continuously expanding into the markets of other BRICS countries, with their trade volume experiencing rapid growth. Customs statistics reveal that their foreign trade amounted to 1.36 trillion yuan with these economies between January and July, representing a growth of 29.4 percent.
This accounted for 57.1 percent of the total trade volume between China and other BRICS countries during the same period.
In the meantime, China saw its exports of electromechanical products to other BRICS countries surge 38 percent year-on-year to 759.45 billion yuan. Among them, exports of lithium batteries and electric passenger vehicles grew exponentially, with growth rates of 129.5 percent and 601.3 percent year-on-year, respectively.
ABOUT CHINA MINING
China Mining Conference and Exhibition (CHINA MINING) is officially supported by Ministry of Natural Resources China. Since first held in 1999, CHINA MINING has become one of the world’s top mining events and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including survey and evaluation, exploration and mining, techniques and equipment, investment and finance, trade and services, etc., playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
With the theme of "Innovation Promotes High-Quality Development of Mining", The 25th China Mining Conference and Exhibition (CHINA MINING 2023) will be held at Tianjin Meijiang Convention Center of Tianjin China on October 19-21, 2023. This session will be held in a combination of “offline oriented, online assisted”, restore the offline entities to hold conference and exhibition. At the same time, relying on the "Cloud Platform for China Mining Conference and Exhibition ", it provides the industry and the society with 24-hour uninterrupted information services and realize the "never ending" of the event. CHINA MINING 2023 consists of the opening ceremony, keynote session, high-level forums, thematic forums, "offline + online" exhibition, VIP tours, ministerial bilateral talks, awarding ceremony, Bank of China Night, welcome dinner, appreciation dinner, mining interviews (online), workshops (online), etc. We invite you to join the event and to celebrate the 25th anniversary of CHINA MINING with us. For more information about CHINA MINING 2023, please visit: m.balanzskin.com/en/.
