Commonground
Senior Moderator
August 7, 2024
Exports from China expanded by 7.0% year-on-year in July 2024, moderating from an 8.6% rise in June and coming less than market forecasts of a 9.7% jump. The latest result marked the softest growth in outbound shipments since April, with the amount notching their lowest level in three months of USD 300.56 billion. Yet, it was the fourth consecutive month of growing sales, supported by sustained global demand. Among trading partners, exports rose to the US (8.1%), South Korea (0.8%), Taiwan (23.1%), and the EU (8.0%). For the first seven months of 2024, sales grew 4.0% to USD 2.07 trillion, mainly driven by increased sales of agriculture products (2.0%), plastic products (7.2%), textile (3.2%), unwrought aluminum and aluminum materials (8.9%), furniture & parts (11.9%), electronics (5.6%), household appliance (15.1%), and car (18.1%). During the period, exports rose mainly to the US (2.4%), Hong Kong (10.7%), Taiwan (13.3%), India (2.8%), the UK (1.0%), and the ASEAN countries (10.8%). source: General Administration of Customs
https://tradingeconomics.com/china/exports-yoy
Exports from China expanded by 7.0% year-on-year in July 2024, moderating from an 8.6% rise in June and coming less than market forecasts of a 9.7% jump. The latest result marked the softest growth in outbound shipments since April, with the amount notching their lowest level in three months of USD 300.56 billion. Yet, it was the fourth consecutive month of growing sales, supported by sustained global demand. Among trading partners, exports rose to the US (8.1%), South Korea (0.8%), Taiwan (23.1%), and the EU (8.0%). For the first seven months of 2024, sales grew 4.0% to USD 2.07 trillion, mainly driven by increased sales of agriculture products (2.0%), plastic products (7.2%), textile (3.2%), unwrought aluminum and aluminum materials (8.9%), furniture & parts (11.9%), electronics (5.6%), household appliance (15.1%), and car (18.1%). During the period, exports rose mainly to the US (2.4%), Hong Kong (10.7%), Taiwan (13.3%), India (2.8%), the UK (1.0%), and the ASEAN countries (10.8%). source: General Administration of Customs
https://tradingeconomics.com/china/exports-yoy