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Buyer Community> Trade Intelligence> Report> China Total Import and Export Value-Sep.13
Source: Appliance World Expo Appliance World Expo

China Total Import and Export Value-Sep.13

Published: 08 Dec 2013 22:25:31 PST

The statistics of customs indicate that the total import and export value of our country reaches 356 billion US dollars in September, increasing 7.7%. Therein, the total export value reaches 185.64 billion US dollars, decreasing 0.3% on month-on-month basis; the total import value reaches 170.44 billion US dollars, increasing 7.4%; while the trade surplus reaches 15.207 billion US dollars.

 

In September, the export decreases 0.3% on month-on-month basis, which is lower than market expectation significantly and inconsistent with Chinese PMI new export orders index as well as European and American PMI index. From the perspective of export destination, the growth of export to America is stable, which experiences a slight fall compared with that of August; the growth of export to EU falls 3% compared with that of August; while the growth of export to Japan gets rid of negative growth for the first time of this year. In other words, domestic export to developed countries is relatively stable in September. Therefore, the negative growth of export mainly comes from emerging market economic entities such as ASEAN and BRICS. Recently, the economic performance of emerging market economic entities is not ideal, while the import demand is also fatigued and weak, which makes the growth of domestic export decrease significantly.

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