Exports from China grew by 27.9% yoy to USD 263.92 billion in May 2021, easing from a 32.2% surge in April and compared with market consensus of 32.1%. This marked the eleventh straight month of increase in outbound shipments, as more countries reopened their economies although higher raw material costs, global chip shortage, 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 earth (45.6%) but fell for grains (-34.3%) and autoprocessing products and parts (-4%). Exports from all major trading partners rose: Japan (5%), South Korea (29.9%), Taiwan (31.3%), the EU (12.6%), the US (20.6%), Australia (1.4%), and ASEAN (40.6%). Considering the first five months of the year, exports jumped 40.2%. source: General Administration of Customs
Exports in China averaged 712.58 USD HML from 1981 until 2021, reaching an all time high of 2818.32 USD HML in December of 2020 and a record low of 12.50 USD HML in February of 1983. This page provides - China Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Exports - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Exports in China is expected to be 2550.00 USD HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in China to stand at 3200.00 in 12 months time. In the long-term, the China Exports is projected to trend around 3210.00 USD HML in 2022 and 3300.00 USD HML in 2023, according to our econometric models.