China’s Maritime Economy Surpasses 10 Trillion Yuan in 2024
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Driven by emerging industries and technological upgrades, the maritime sector is now a core pillar of China’s national growth strategy.
China’s first 10 trillion yuan (approximately 2000 trillion won) surpassed the total amount of marine production in 2024
The Ministry of Natural Resources in China has announced that the nation’s total marine production exceeded 10 trillion yuan (approximately 2000 trillion won) in 2024. The announcement coincided with the 17th World Maritime Day and the 18th ‘National Maritime Public Relations Day’ in China, celebrated on June 8.
The ministry’s data indicates a 5.9% year-on-year increase in marine production, surpassing china’s GDP growth rate by 0.9 percentage points during the same period.
The 2025 China Maritime Economy Development Index, which measures factors such as size, efficiency, international cooperation, and public welfare contributions, reached 125.2 in 2024, a 2.3% increase from the previous year. This reflects qualitative growth in the overall maritime economy.
Emerging marine industries are proving to be significant drivers of growth. In 2024, these industries saw a 7.2% year-on-year increase in value-added, expanding their proportion of the overall marine economy. The marine manufacturing industry contributed approximately 3.2 trillion yuan, accounting for over 30% of total marine production.
Traditional marine sectors, including marine fishing, oil and gas, shipbuilding, and marine engineering equipment manufacturing, are undergoing rapid transformations through digitalization and technological upgrades. These innovations are central to the maritime economy’s expansion.
China aims to prioritize the maritime economy in its national development strategy, with plans to enhance lasting marine development and international collaboration.
emerging Industries Drive Growth
“The value -added value of the maritime emerging industry increased by 7.2% year -on -year.”
The growth is largely attributed to emerging industries within the marine sector, which are experiencing rapid expansion and contributing significantly to the overall economy. Traditional industries are also adapting to remain competitive.
Frequently Asked Questions
- What is the maritime economy?
- The maritime economy encompasses all economic activities related to oceans, seas, coasts, and marine resources, including fishing, shipping, tourism, and energy production. NOAA
- why is the maritime economy vital?
- It provides essential resources, supports global trade, and contributes significantly to national and global economies. IMO
- What are the key drivers of growth in China’s maritime economy?
- Emerging industries, technological upgrades, and sustainable development initiatives are key drivers. UNESCO
