In the first quarter, mainland exports increased by 11.9% year-on-year, while imports rose by 19.6%. Customs: Foreign trade is gaining momentum

The mainland announced the foreign trade data for the first quarter of this year, with the import and export of goods trade growing by 15% year-on-year to 11.84 trillion yuan, of which exports were 6.85 trillion yuan, an increase of 11.9%; imports were 4.99 trillion yuan, an increase of 19.6%. The General Administration of Customs pointed out that foreign trade has a strong momentum and a good start, with imports and exports exceeding 11 trillion yuan in the first quarter, marking the first time in history for the same period, and the quarterly growth rate is also the highest in nearly five years. Exports of electric vehicles and lithium batteries grew by 77.5% and 50.4%, respectively