Import and export 2016

The total value of imports and exports of goods in 2016 reached 24.34 trillion yuan($3.66 trillion), down by 0.9 percent from the previous year. Of this total, the value of goods exported was 13.85 trillion yuan, down by 1.9 percent, and the value of goods imported was 10.49 trillion yuan, up by 0.6 percent. The balance of imports and exports (exports minus imports) was 3.35 trillion yuan, a drop of 330.8 billion yuan from the previous year.

The total value of goods imported and exported to countries along the Belt and Road was 6.25 trillion yuan, an increase of 0.5 percent over the previous year. Of the total, the value of goods exported was 3.83 trillion yuan, an increase of 0.5 percent; that of the import was 2.42 trillion yuan, an increase of 0.4 percent.

The total value of imports and exports of services in 2016 was 5.35 trillion yuan, up by 14.2 percent. The export value of services was 1.82 trillion yuan, up by 2.3 percent. The import value of services was 3.53 trillion yuan, up by 21.5 percent. The deficit of exports minus imports of services was 1.71 trillion yuan.