Sales of refined products increased 33.1 from the previous month and those of unwrought aluminium and products went up 6.87 percent. Overview: This page contains the latest international trade data for China, including service trade data, and tariffs.In 2018 China was the number 2 economy in the world in terms of GDP (current US$), the number 1 in total exports, the number 2 in total imports, and the number 30 most complex economy according to the Economic Complexity Index (ECI). Imports of crude oil were 47.48 million tonnes in August, down from a record high in July but increased 12.6 percent from a year earlier. "Assuming the pandemic will be gradually contained in the second half, we raise our export growth forecasts to 0.0 percent year on year in both Q3 and Q4 from our previous forecasts of -10.0 percent and -8.0 percent, respectively, said Lu. Machinery and transport equipment accounted for 38 percent of total imports on the back of electrical machinery, apparatus and appliances (21 percent), road vehicles (4 percent), telecommunications and sound recording and reproducing apparatus and equipment (3 percent), and office machines and automatic data processing machines (3 percent). But significant negative downside risks to China's exports remain if the pandemic extends to end-2020 or even into 2021, said Lu. "Based on the data in June, China's foreign trade in overall has gradually stabilized, and the previous efforts have also achieved results. Foreign trade has greatly benefited from imports, but trade contains both buying and selling, and the performance of export is not enough," said Bai Ming, deputy director of the Academy of International Trade and Economic Cooperation in Ministry of Commerce. This page provides - China Exports - actual values, historical data, … Other important categories were: mineral fuels, lubricants and related materials (17 percent) led by petroleum, petroleum products and related materials (13 percent) and gas, natural and manufactured (3 percent); crude materials, inedible, except fuels (14 percent), such as metalliferous ores and metal scrap (9 percent); chemicals and related products (11 percent) due to organic chemicals (3 percent) and plastics in primary forms (3 percent); miscellaneous manufactured articles (7 percent); manufactured goods classified chiefly by material (7 percent); and food and live animals (4 percent). Exports from China jumped by 7.2 percent year-on-year to USD 237.6 billion in July 2020, accelerating from a 0.5 percent gain in the previous month and defying market expectations of a 0.2 percent fall. The biggest source of imports was the EU (13 percent of imports) of which Germany (5 percent) and France (2 percent), followed by South Korea, Taiwan, Japan (8 percent each), the US and Australia (6 percent each), Brazil (4 percent), Malaysia, Vietnam, Russia and Saudi Arabia (3 percent each), and Thailand, Singapore and Indonesia (2 percent each). Chinese exports have been boosted by record shipments of medical supplies and robust demand for electronic products. Publish your articles and forecasts in our website. Imports to China jumped 13.2 percent year-on-year to an all-time high of USD 202.8 billion in September 2020, far above market expectations of a 0.3 percent rise and following a 2.1 percent drop a month earlier. General trade, which represents a longer production chain and higher added-value as the key indicator of a country's foreign trade competence, decreased by 2.6 percent year on year in H1, accounting for 60.1 percent of the country's total trade, but 0.4 percentage points higher than a year ago. Meanwhile, import volumes of industrial raw materials remained robust, with record imports of iron ore and copper, along with a sharp jump in crude oil. China's foreign trade rebounded in June as recovery in the country is gaining momentum under the support of strong virus-control efforts and policy measures bolstering businesses. (Yang Shanshan also contributed to this story), Copyright Â© 2020 CGTN. 1981-2020 Data | 2021-2022 Forecast | Calendar | Historical | Chart. "In the near term, the prolonged pandemic could further boost China's exports of personal protective equipment (PPE), home appliances, computers and mobile phones. Exports rose 9.9% from a year ago — close to analysts’ expectations of 10%, according to a Reuters poll. Also, exports of unwrought aluminum fell 2 percent. Among major trade partners, exports were up to the US (12.5 percent), ASEAN (14.1 percent), Australia (15.8 percent), Taiwan (3.9 percent) and South Korea (1.2 percent). Exports to the United States rose 20 percent to USD 44.8 billion while those to the European Union declined 20.1 percent to USD 35.7 billion. Imports to China rose by 4.7 percent year-on-year to USD 178.74 billion in October 2020, after a 13.2 percent surge a month earlier and less than market estimates of a 9.5 percent increase. Chinese exports have been supported by record shipments of medical supplies and robust demand for electronic products over the past several months. This was the second straight decline in imports, due to weak domestic consumption. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. That was far above the 0.3% predicted by the Reuters’ poll. 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. Publish your articles and forecasts in our website. However, as some countries gradually reopen their economies and start producing PPE domestically for security reasons, China's exports of those products could decline.". Meanwhile, exports of laptops and mobile phones rose by 9.1 percent and 0.2 percent, respectively, driven by the rising need for "working from home.". Download historical data for 20 million indicators using your browser. Direct access to our calendar releases and historical data. Export growth has been a major component supporting China's rapid economic expansion. A Reuters poll estimated that June exports contracted by 1.5 percent from a year earlier, while imports were expected to fall by 10 percent from the previous year, as compared with a 16.7-percent fall in May. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. During the same period, exports declined by 6.2 percent year on year to 1.10 trillion U.S. dollars, while imports dropped by 7.1 percent to 930.9 billion dollars, data showed. Imports to China unexpectedly fell by 2.1 percent year-on-year to USD 176.3 billion in August of 2020, missing market expectations of a 0.1 percent gain and following a 1.4 percent drop a month earlier. In 2019 imports to China fell 2.7 percent, the first yearly decline in three years, on weak domestic demand and persistent trade tensions with the US. Exports in China averaged 682.26 USD HML from 1981 until 2020, reaching an all time high of 2397.58 USD HML in September of 2020 and a record low of 12.50 USD HML in February of 1983. Imports to China rose by 4.7 percent year-on-year to USD 178.74 billion in October 2020, after a 13.2 percent surge a month earlier and less than market estimates of a 9.5 percent increase. Lu Ting, chief China economist at Nomura, told CGTN that there are three factors driving China's exports growth in the second quarter (Q2), namely, a catch-up in production and exports delivery to fulfill the backlog built up during Q1, a quick move to contain the coronavirus when other major economies were deeply mired in the pandemic, as well as massive stimulus in the U.S. and other major economies supported demand. Machinery and transport equipment accounted for 48 percent of total exports, in particular electrical machinery, apparatus and appliances (14 percent), telecommunications and sound recording and reproducing apparatus and equipment (12 percent), office machines and automatic data processing machines (8 percent), and general industrial machinery and equipment, and machine parts (5 percent). Other major export categories were: miscellaneous manufactured articles (23 percent) on the back of furniture and parts thereof (3 percent); manufactured goods classified chiefly by material (16 percent) such as textile yarn, fabrics, made-up articles (5 percent), manufactures of metals (4 percent) and iron and steel (2 percent); chemicals and related products (6 percent); and food and live animals (3 percent). The private sector turned the tide, becoming more prominent in promoting the steady growth of foreign trade. Purchases of unwrought copper and copper products jumped 43.4 percent yoy to 618,108 tonnes. Nomura also raised China's import growth forecast for the second half of 2020 to -1.0 percent year on year from -7.0 percent. Given the impressive resilience in China's exports, Nomura said it has raised its forecast for China's export growth for the second half of this year to 0.0 percent year on year from -9.0 percent. 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. Lu also mentioned the changing factors in exports based on the global situation. This marked the third straight month of increase in overseas sales and the fastest rate since March of 2019, amid further improvement in global demand as more countries lifted coronavirus-led restrictions. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Beijing ICP prepared NO.16065310-3, China's imports and exports rebound in June as recovery gains momentum. Among key trade partners, exports were up to the US (20.5 percent), ASEAN (14.4 percent), South Korea (14.8 percent), Taiwan (9.2 percent) and Australia (2.5 percent). Exports also rose by 0.5 percent to 213.6 billion U.S. dollars, strongly beating expectations and showing signs of recovery, official data showed Tuesday. Iron ore imports fell 10.9 percent to 100.36 million tonnes, easing from a record high on fewer shipments from big miners and port congestion, but were still 5.8 percent higher over a year earlier. In addition, purchases of soybean soared 41% to 8.69 million, due to rising cargoes from Brazil and the US. China and the United States should create favorable conditions to implement the phase one trade deal, said Li Kuiwen, GAC spokesperson. In contrast, shipments fell for steel (-0.62 percent), rare earths (44 percent) and grains (-36.77 percent). Purchases from the US went up 2 percent to USD 10.5 billion and those from the European Union plunged 29.7 percent.
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