Exports from China increased by 8.7% yoy in August 2024, the most since March 2023, to a 23-month peak of USD 308.65 billion, exceeding forecasts of 6.5% and accelerating from a 7.0% rise in July. It was the fifth straight month of growth in shipments, amid robust foreign sales and despite growing trade tensions with the West. Among trading partners, exports rose to South Korea (3.4%), Taiwan (6.8%), the EU (13.4%), the US (4.9%), Japan (0.5%), and the ASEAN countries (8.8%). For the first eight months of 2024, sales rose 4.6% to USD 2.31 trillion, supported by agriculture products (2.2%), plastic products (6.7%), textile (3.5%), unwrought aluminum and aluminum materials (10.8%), mechanical & electronic products (6.5%), general machinery (12.0%), household appliance (14.7%), and integrated circuits (22.0%). During the period, exports grew to the US (2.8%), Hong Kong (10.4%), Taiwan (12.4%), Russia (0.4%), India (4.2%), Latin America (12.8%), the EU (0.7%), and the ASEAN (10.6%). source: General Administration of Customs

Exports YoY in China increased to 8.70 percent in August from 7 percent in July of 2024. Exports YoY in China averaged 14.29 percent from 1991 until 2024, reaching an all time high of 154.60 percent in February of 2021 and a record low of -40.60 percent in February of 2020. This page includes a chart with historical data for China Exports YoY. China Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2024.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-08-07 03:00 AM
Exports YoY
Jul 7% 8.6% 9.7% 7.8%
2024-09-10 03:00 AM
Exports YoY
Aug 8.7% 7% 6.5% 6.8%
2024-10-13 03:00 AM
Exports YoY
Sep 8.7% 6% 7%


Related Last Previous Unit Reference
Passanger Car Exports 331185.00 479247.00 Aug 2024
Balance of Trade 91.02 84.65 USD Billion Aug 2024
Electric Car Exports 144639.00 142355.00 Aug 2024
Exports 308.65 300.56 USD Billion Aug 2024
Exports YoY 8.70 7.00 percent Aug 2024
Imports 217.63 215.91 USD Billion Aug 2024
Imports YoY 0.50 7.20 percent Aug 2024
Terms of Trade 92.40 89.78 points Aug 2024

China Exports YoY
Actual Previous Highest Lowest Dates Unit Frequency
8.70 7.00 154.60 -40.60 1991 - 2024 percent Monthly
NSA


News Stream
China Exports Rise More than Expected
Exports from China increased by 8.7% yoy in August 2024, the most since March 2023, to a 23-month peak of USD 308.65 billion, exceeding forecasts of 6.5% and accelerating from a 7.0% rise in July. It was the fifth straight month of growth in shipments, amid robust foreign sales and despite growing trade tensions with the West. Among trading partners, exports rose to South Korea (3.4%), Taiwan (6.8%), the EU (13.4%), the US (4.9%), Japan (0.5%), and the ASEAN countries (8.8%). For the first eight months of 2024, sales rose 4.6% to USD 2.31 trillion, supported by agriculture products (2.2%), plastic products (6.7%), textile (3.5%), unwrought aluminum and aluminum materials (10.8%), mechanical & electronic products (6.5%), general machinery (12.0%), household appliance (14.7%), and integrated circuits (22.0%). During the period, exports grew to the US (2.8%), Hong Kong (10.4%), Taiwan (12.4%), Russia (0.4%), India (4.2%), Latin America (12.8%), the EU (0.7%), and the ASEAN (10.6%).
2024-09-10
China Export Growth Below Estimates
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%).
2024-08-07
China Export Growth Hits 15-Month High
Exports from China advanced 8.6% year-on-year to a 21-month high of USD 307.9 billion in June 2024, beating expectations of an 8% rise and accelerating from a 7.6% gain in the prior month. This marked the fastest growth in outbound shipments since March 2023, as manufacturers are front-loading orders in anticipation of tariffs from a growing number of trade partners. Among trading partners, exports grew to the US (6.6%), Japan (0.9%), South Korea (4.1%), Taiwan (27.6%), Australia (1.2%), the ASEAN countries (15.0%), and the EU (4.1%). In H1 of 2024, exports rose 3.6% to USD 1.71 trillion, mainly boosted by increased sales of furniture & parts (14.8%), plastic products (8.3%), electronics (4.9%), integrated circuits (21.6%), cars (18.9%), automobile parts (5.6%), and textile (3.3%). During the period, exports climbed mainly to the US (1.5%), Hong Kong (10.6%), Taiwan (11.6%), Latin America (11.3%), and the ASEAN countries (10.7%), while falling to Japan (-6.3%) and South Korea (-3.7%).
2024-07-12


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