In spite of the crunching impact of the trade war, China recorded foreign trade increase by 25.1 per cent year on year to 2.01 trillion Uuan (289 billion U.S. dollars) in the first three quarters of the year.
The imports grew 24.2 per cent to 1.65 trillion Yuan while exports rose 29.1 per cent to 362.4 billion Yuan, Beijing Customs said.
With its major trading partners, Beijing saw trade with the European Union rise 16.9 per cent to 248.7 billion yuan, trade with the Association of Southeast Asian Nations rose by 48 per cent to 188.7 billion yuan and trade with the U.S. increased 22.2 per cent to 187.6 billion yuan.
Beijing exported 157.7 billion yuan worth of mechanical and electrical products, up 13.6 percent, 132.1 billion yuan worth of refined oil, up 100 percent, and 20.7 billion yuan worth of mobile phones, up 96.2 percent.
In terms of imports, Beijing reported surges in imports of crude oil and natural gas, which accounted for nearly half of its import value during the period. The city imported 711.4 billion yuan worth of crude oil, up 40.4 percent, and 107.5 billion yuan worth of natural gas, up 51.7 percent.
Source: Hellenic shipping news