Exports YoY in China remained unchanged at 27.10 percent in October from 27.10 percent in October of 2021. source: General Administration of Customs

Exports YoY in China averaged 15.30 percent from 1991 until 2021, reaching an all time high of 154.70 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 December of 2021.

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China Exports YoY

Calendar GMT Actual Previous Consensus TEForecast
2021-10-13 03:00 AM Sep 28.1% 25.6% 21% 21%
2021-11-07 03:00 AM Oct 27.1% 28.1% 24.5% 25%
2021-12-07 03:00 AM Nov 27.1% 26%

News Stream
China Exports Rise More than Expected
Exports from China grew 27.1 percent year-on-year to USD 300.22 billion in October 2021, after a 28.1 percent surge in September and compared with market expectations of 24.5 percent. This marked the 13th straight month of double-digit growth in shipments, amid solid global demand ahead of holiday seasons and easing power shortages, with exports growing for unwrought aluminum and products (14.49 percent), steel products (11.34 percent), and rare earths (89.24 percent). Sales increased from Japan (16.3 percent), South Korea (33.1 percent), Taiwan (24.0 percent), Australia (22.3 percent), the US (22.7 percent), the ASEAN countries (18.0 percent), and the EU (44.3 percent). Considering the first ten months of the year, exports jumped 32.3 from a year earlier to USD 2.7 trillion, already surpassing all of 2020.
China Exports Hit Record High in September
Exports from China jumped 28.1 percent year-on-year to an all-time high of USD 305.7 billion in September 2021, accelerating from a 25.6 percent rise in August and easily beating market expectations of 21 percent increase, amid solid global demand. The strong rate of export growth came in despite pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases. Exports were up for refined products (4.79 percent), unwrought aluminum and products (15.36 percent), steel products (28.53 percent), and rare earths (95.69 percent). Among major trade partners, sales rose to the US (30.6 percent), the EU (28.6 percent), ASEAN (17.3 percent), Japan (15.2 percent), South Korea (27.9 percent), Taiwan (26.6 percent) and Australia (23.8 percent).
China Exports Hit New High
Exports from China surged 25.6 percent year-on-year to a record USD 294.32 billion in August 2021, far above market estimates of 17.1 percent and accelerating from a 19.3 percent rise in July. It this was the 14th straight month of growth in outbound shipments, as high commodity prices and solid foreign demand specially from the US and Europe offset local COVID-19 outbreak, and port congestion. Exports to the US grew 15.52 percent year-on-year to USD 51.72 billion, accelerating from July’s 13.4 percent growth. Meanwhile, exports to the ASEAN countries rose by 16.59 percent from a year earlier.The top three exports were electronics, high-tech products, and clothing and clothing accessories.

China Exports YoY
Export growth has been a major component supporting China's rapid economic expansion. In 2019 China's exports increased 0.5 percent, slowing sharply from a 10 percent rise in 2018, with sales to the US falling sharply amid ongoing trade tensions. Machinery and transport equipment accounted for 48 percent 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) on the back of furniture and parts thereof (3 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 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). The UK, Taiwan, Singapore, Malaysia, Russia, Australia, Indonesia, Thailand and the Philippines accounted for 2 percent each.

China Exports by Country Last Previous
United States 53770200.00 57397000.00 USD THO Oct/21
European Union 45278100.00 40132200.00 USD THO Feb/20
Hong Kong 30313000.00 33118600.00 USD THO Oct/21
Japan 14298800.00 14399400.00 USD THO Oct/21
Vietnam 10833400.00 10388700.00 USD THO Oct/21
Germany 10290700.00 9750800.00 USD THO Oct/21
India 9864800.00 9785900.00 USD THO Oct/21
Netherlands 9661200.00 8726700.00 USD THO Oct/21
United Kingdom 8146100.00 8016500.00 USD THO Oct/21
Malaysia 7350900.00 6873100.00 USD THO Oct/21
Australia 6419400.00 5963200.00 USD THO Oct/21
Taiwan 6398400.00 6737100.00 USD THO Oct/21
Mexico 5956818.00 6275230.00 USD THO Oct/21
Indonesia 5684000.00 5056200.00 USD THO Oct/21
Russia 5504600.00 6601100.00 USD THO Oct/21
Thailand 5401000.00 5864400.00 USD THO Oct/21
Brazil 4878900.00 5221200.00 USD THO Oct/21
Philippines 4795300.00 4900700.00 USD THO Oct/21
Singapore 4650000.00 5229100.00 USD THO Oct/21
Canada 4590200.00 5592400.00 USD THO Oct/21
China Exports by Category Last Previous
Mechanical & Electrical Products 178430000.00 180238300.00 USD THO Oct/21
Machinery & Transport Equipment 145680137.73 146232628.32 USD THO Oct/21
High-&-new-tech Products 89123500.00 89869600.00 USD THO Oct/21
Automatic Data Proc. Eq. & Components 23434300.00 22593600.00 USD THO Oct/21
Mobile Telephone 14370934.00 13962741.00 USD THO Oct/21
Handled Wireless Phone and Its Parts 14370900.00 13962700.00 USD THO Oct/21
Digital Automatic Data Proc. Equip. 13874225.00 13011893.00 USD THO Oct/21
Integrated Circuit 13742300.00 14535000.00 USD THO Oct/21
Plastic Products 8670700.00 8807300.00 USD THO Oct/21
Iron & Steel Products 8624803.39 8574219.73 USD THO Oct/21
Agricultural Products 7526600.00 7426600.00 USD THO Oct/21
Steel Products 6873000.00 7296800.00 USD THO Oct/21
Furniture & Related Products 6466800.00 6155700.00 USD THO Oct/21
Food & Live Animals 6318359.00 6217565.00 USD THO Oct/21
Auto Parts 6313800.00 6514700.00 USD THO Oct/21
Iron & Steel 5521031.61 6034100.69 USD THO Oct/21
ys 5230800.00 5754600.00 USD THO Oct/21
Lamps, Lighting Fixtures and Parts 4578500.00 4765500.00 USD THO Oct/21
Diode & Semiconductors 4514813.00 4423615.00 USD THO Oct/21
Steel Sheets & Plates 4331775.00 4647179.00 USD THO Oct/21

United Nations Comtrade Database
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