Exports in China decreased to 274.83 USD Billion in October from 298.93 USD Billion in September of 2023. Exports in China averaged 83.73 USD Billion from 1981 until 2023, reaching an all time high of 339.66 USD Billion in December of 2021 and a record low of 1.25 USD Billion in February of 1983. source: General Administration of Customs
Exports in China is expected to be 268.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Exports is projected to trend around 300.00 USD Billion in 2024 and 345.00 USD Billion in 2025, according to our econometric models.
Exports has been a major component supporting China's rapid economic expansion. In the last few years, machinery and transport equipment accounted for almost half 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), 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 EU and US were the largest destinations of China's shipments, accounting for more than 15 percent followed by Hong Kong, Japan, South Korea, Vietnam, Germany, India and the Netherlands (3 percent).
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
274.83 |
298.93 |
339.66 |
1.25 |
1981 - 2023 |
USD Billion |
Monthly |
Current Prices, NSA
|