From October 1 to October 10, the country’s foreign trade exports increased more than double compared with the same period last year, reaching a total of $26.1 billion. According to domestic statistics, this figure represents a 102% rise over the comparable period of last year and marks a record high. The average daily export volume grew from 5.5 days to 5.5 days, and the average daily export value was $4.75 billion, up 28.5% from last year’s $3.69 billion.
The surge in exports is largely driven by strong demand for semiconductors. Semiconductor exports totaled $12.2 billion, rising 170.9% over the same period last year. Semiconductors account for 46.7% of total exports, an increase of 11.9 percentage points compared with the same period last year. Major categories such as cars and trucks, electrical appliances, oil products etc also largely rose: car exports increased by 82.7%, electrical appliance exports by 62.6%, and oil product exports by 45.6%.
By country, China was up 167.3%, the United States 159.9%, the European Union 127.3%, Vietnam 89.7% and India 2.6%. The same period imports totaled $22.3 billion, a rise of 65.5% over the same period last year. Accordingly, import values were $3.8 billion higher than before. Gas imports rose by 125.5%, semiconductors and oil by 66.7% and 56.2% respectively, while oil product imports fell 10.9%. Energy imports (oil, gas, coal) rose by 64.8% over the same period last year; China up 84.4%, India 82.5%, Japan 80.1%, EU 87.7%, United States 57.6%.
The country’s import volume had been in a 20‑month consecutive growth streak until September, and continued to grow during this period as well.