China Trade Surplus Largest in 6 Months
Trading Economics » China
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2y ago
Exports from China rose 19.3% yoy to USD 282.66 billion in July 2021, below market estimates of 20.8% and slowing from a 32.2% jump in June. Still, this was the 13th straight month of growth in outbound shipments, amid easing foreign demand due to the rapid spread of the Delta variant of COVID-19 in some countries, higher raw materials, the global shortage of semiconductors, and persistent logistic bottlenecks. Exports grew from the US (13.4%), the EU (17.23%), the ASEAN countries (14.52%), and Australia (9.32%). Meanwhile, imports to China increased by 28.1% year-on-year to 226.08 billion in ..read more
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China Trade Surplus Largest in 5 Months
Trading Economics » China
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2y ago
Exports from China surged 32.2 percent year-on-year to USD 281.42 billion in June 2021, above market consensus of 23.1 percent and after a 27.9 percent gain in May. This was the twelfth straight month of growth in outbound shipments, as high commodity prices and solid foreign demand offset local COVID-19 outbreak, and logistic bottlenecks including the temporary Shenzhen port closure. Sales increased for refined oil products (66 percent); unwrought aluminium and products (29.8 percent); and steel (74.5 percent) but fell for grains (-20.5 percent). Export growth to the US slowed to 17.8 percent ..read more
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China Trade Surplus Smaller than Estimated
Trading Economics » China
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3y ago
Exports grew by 27.9 percent year-on-year to USD 263.92 billion in May 2021, easing from a 32.2 percent surge in April and compared with market consensus of 32.1 percent. This marked the eleventh straight month of increase in outbound shipments, amid strengthening yuan, a further recovery in foreign demand, and higher raw material costs and logistics bottlenecks and lower capacity in Guangdong due to the coronavirus outbreak weighed on sales. Exports increased for unwrought aluminium and products (15.6%), steel products (19.8%) and rare earths (45.6%) but fell for grains (-34.3%) and auto proc ..read more
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China Trade Surplus Larger than Expected
Trading Economics » China
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3y ago
Exports from China unexpectedly jumped by 7.2 percent year-on-year in July 2020, accelerating from a 0.5 percent gain in the previous month and defying market expectations of a 0.2 percent fall . It was the fastest growth in exports in seven months, amid further improvement in global demand as more countries lifted COVID-19 lockdown restrictions. The country's exports have been boosted by record shipments of medical supplies and robust demand for electronic products. At the same time, exports were down for major commodities such as refined products, unwrought aluminium and products, steel ..read more
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China Trade Surplus Smallest in 5 Months
Trading Economics » China
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3y ago
Exports from China rose by 9.9 percent year-on-year in September of 2020, compared with market consensus of a 10 percent expansion and after a 9.5 percent gain a month earlier. This marked the fourth straight month of increase in overseas sales, amid further improvement in global demand as more countries lifted COVID-19 restrictions. Chinese exports have been boosted by record shipments of medical supplies and robust demand for electronic products in the last several months. In contrast, sales of refined products tumbled 30.5 percent year-on-year and those of steel products plunged 28.2 percen ..read more
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China Trade Surplus Larger than Estimated
Trading Economics » China
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3y ago
Exports from China surged by 9.5 percent year-on-year to USD 235.3 billion in August 2020, accelerating from a 7.2 percent rise in the previous month and beating market expectations of a 7.1 percent gain . This marked the third straight month of increase in overseas sales and the fastest since March 2019, amid further improvement in global demand as more countries lifted coronavirus-led restrictions.The country's exports have been boosted by record shipments of medical supplies and robust demand for supplies related to working from home and home-schooling, including electronic products. Sales ..read more
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China Posts Largest Trade Surplus on Record
Trading Economics » China
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3y ago
Exports from China jumped 21.1 percent year-on-year to an all-time high of USD 268.07 billion in November 2020, the fastest growth since February 2018 and well above market consensus of a 12 percent increase, as global demand recovered further from the COVID-19 crisis. That comes despite a sharp appreciation in the yuan in recent months, supported by strong overseas demand for personal protective equipment (PPE) and electronics products for working from home, as well as seasonal Christmas demand.  Among major trade partners, sales were up to the US (46.1 percent), the EU (8.6 percent), AS ..read more
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China October Trade Surplus Larger than Estimated
Trading Economics » China
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3y ago
Exports from China jumped 11.4 percent year-on-year to USD 237.18 billion in October 2020, following a 9.9 percent gain a month earlier and beating market consensus of 9.3 percent growth. This marked the fifth straight month of increase in outbound shipments and the fastest in 19 months, as global demand recovered further from the coronavirus hit. Robust shipments of medical supplies and electronic products have supported sales over the past several months while reduced manufacturing capacity in some countries also benefited China. By contrast, China's exports of unwrought aluminum, and alumin ..read more
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China Trade Surplus Hits New Record High
Trading Economics » China
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3y ago
Exports from China surged 18.1 percent year-on-year to a fresh record USD 281.9 billion in December 2020, easing from a 21.1 percent jump in the previous month although well above market consensus of a 15 percent rise, as global demand continued to recover from the COVID-19 crisis, despite a sharp appreciation in the yuan in recent months. This was the seventh consecutive month of growth, mainly supported by demand for medical supplies and electronics products for working from home. Meanwhile, exports of rare earth jumped 14 percent from a year earlier to 4,168 tonnes in December. For 2020 ful ..read more
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China Trade Surplus Larger than Expected
Trading Economics » China
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3y ago
Exports from China surged 60.6 percent year-on-year to USD 468.87 billion in January-February 2021 combined, far above market estimates of a 38.9 percent rise and accelerating from an 18.1 percent growth in December 2020, amid soaring global demand and improving manufacturing activity in the US and the EU in the light of coronavirus pandemic. Exports of refined oil rose by 1.9 percent from a year earlier to 10.96 million ton, while those of steel jumped 29.9 percent to 10.14 million ton. Considering February only, exports soared 154.9 percent from a year earlier to USD 204.85 billion Impo ..read more
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