In contrast, sales of refined products tumbled 30.5 percent and those of steel products plunged 28.2 percent. Luckily, the epidemic situation in some countries is obviously alleviating, and production and living are gradually getting better," he told CGTN.
Chinese Shares End in the Red on Regulatory Concerns, China Car Sales Rise 12.5% YoY in October, PBoC Injects CNY 150 Billion into Money Market, China Imports Rise Less than Forecast in October, Thailand Consumer Sentiment Strengthens in October. Also, exports of unwrought aluminum fell 2 percent.
In U.S. dollar terms, imports rose by 2.7 percent year on year to 167.2 billion U.S. dollars, bouncing from a 3.3-percent decline in May.
Meanwhile, imports from Australia declined 9.5 percent.
That was far above the 0.3% predicted by the Reuters’ poll. Direct access to our calendar releases and historical data. 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.
Imports were up for crude oil (17.6 percent), natural gas (5.5 percent), unwrought copper (62.3 percent), copper ores & concentrates (35.2 percent), iron ore (9.3 percent), steel products (159.2 percent), soybeans (19.4 percent) and rubber (58.6 percent). 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. "Based on the data in June, China's foreign trade in overall has gradually stabilized, and the previous efforts have also achieved results.
Nomura raises China's exports growth forecast in H2.
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). Compared to the previous month, imports fell for major commodities including crude oil, iron ore and soybeans. 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. Among them, exports to the U.S. were 1.25 trillion yuan, down 8.1 percent, imports from the U.S. were 395.62 billion yuan, down 1.5 percent, with trade surplus down 10.8 percent, GAC data showed. Direct access to our calendar releases and historical data. 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. Download historical data for 20 million indicators using your browser. 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.
The Trading Economics Application Programming Interface (API) provides direct access to our data. China's dollar-denominated exports unexpectedly rose in April, but imports fell the same month as movement restrictions to contain the coronavirus outbreak eased.. The EU and US were the largest destinations of China's shipments, accounting for 17 percent of exports each, followed by Hong Kong (11 percent), Japan (6 percent), South Korea (4 percent), Vietnam (4 percent), Germany (3 percent), India (3 percent) and the Netherlands (3 percent). China and the United States should create favorable conditions to implement the phase one trade deal, said Li Kuiwen, GAC spokesperson. In its latest June forecast, the International Monetary Fund predicts China to be one of the few economies achieving positive growth this year. 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. 1981-2020 Data | 2021-2022 Forecast | Calendar | Historical | Chart. Purchases of unwrought copper and copper products jumped 43.4 percent yoy to 618,108 tonnes. "Maybe there will be a relapse, but the worst is over," Bai said, noting that the future of foreign trade depends mainly on the recovery of the world economy, especially the major trading partners such as European and American countries, as well as the Belt and Road Initiative, whether it can play a greater role. 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 also mentioned the changing factors in exports based on the global situation.
Exports from China soared 9.5 percent year-on-year to USD 235.3 billion in August of 2020, above market forecasts of a 7.1 percent growth and after a 7.2 percent rise a month earlier. 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).
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.
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). 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.
Publish your articles and forecasts in our website. Beijing ICP prepared NO.16065310-3, China's imports and exports rebound in June as recovery gains momentum. 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). This was the first increase in imports in three months, as the domestic demand recovery from the pandemic shock continued. In the first half of this year, the total value of China-U.S. trade was 1.64 trillion yuan, declining 6.6 percent from a year earlier.