Chinese customs' tax revenue tops 2 trln yuan in 2021

Chinese customs authorities saw their tax revenue exceeded 2 trillion yuan (about 313.75 billion U.S. dollars) for the first time in 2021, the General Administration of Customs said.

Taxes collected by Chinese customs reached 2.01 trillion yuan last year, up 17.7 percent from 2020, data from the administration showed.

Customs authorities have deepened reform on tax collection and administration, and tax revenue in 2021 exceeded the budgeted target, the administration said.

The data also showed that overall customs clearance time for imported goods came in at 32.97 hours, while that of exported goods reached 1.23 hours, a drop of 66.14 percent and 89.98 percent from 2017, respectively.

China's total goods imports and exports expanded 21.4 percent year on year to 39.1 trillion yuan in 2021.