According to the latest data released by the General Administration of Customs of China on the 7th, the total import and export value of China from January to February 2022 was 6.2 trillion yuan (RMB, the same below), a year-on-year increase of 13.3%, a sharp drop of 18.9 percentage points from the same period last year. Among them, exports increased by 13.6% and imports increased by 12.9%.

China News Agency reported that in terms of country, the EU surpassed ASEAN in the first two months and became China's largest trading partner again. According to customs data, the total value of trade between China and the EU was 874.64 billion yuan, an increase of 12.4% year-on-year, accounting for 14.1% of China's total foreign trade value; the total value of trade between China and ASEAN was 870.47 billion yuan, an increase of 10.5%, accounting for 14% .

The EU has been China's largest trading partner for many years. In the first eight months of 2020, ASEAN surpassed the EU to become China's largest trading partner. Bai Ming, deputy director of the International Market Research Institute of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce of China, said in an interview with a reporter from China News Agency that considering that the Regional Comprehensive Economic Partnership (RCEP) has come into effect, the 3.0 version of the China-ASEAN Free Trade Area is feasible. Sexual research is progressing, and it is expected that ASEAN and the European Union will become China's largest trading partner in the future.

Zhao Ping, vice president of the Research Institute of the China Council for the Promotion of International Trade, also said that the proportion of ASEAN and the EU in China's foreign trade is actually quite close. In the long run, the trade between China and Europe, China and ASEAN will maintain healthy growth. Keywords: One Belt One Road, One Belt One Road News, One Belt One Road Project

In terms of products, China's exports of mobile phones and household appliances both declined in the first two months, with exports of mobile phones down 1.1% year-on-year and exports of household appliances down 5.9% year-on-year. "Home economy" commodities such as mobile phones, home appliances, and computers were once the main force behind the high growth of China's exports after the outbreak. In terms of imports, China imported 13.942 million tons of soybeans in the first two months, an increase of 4.1%; imported crude oil was 85.138 million tons, a decrease of 4.9%.Editor/XuNing