Exports from China soared 9.5 percent year-on-year to USD 235.3 billion in August of 2020, above market forecasts of a 7.1 percent growth and after a 7.2 percent rise a month earlier. This marked the third straight month of increase in overseas sales and the fastest rate since March of 2019, amid further improvement in global demand as more countries lifted coronavirus-led restrictions. Chinese exports have been boosted by record shipments of medical supplies and robust demand for electronic products. Sales of refined products increased 33.1 from the previous month and those of unwrought aluminium and products went up 6.87 percent. In contrast, shipments fell for steel (-0.62 percent), rare earths (44 percent) and grains (-36.77 percent). Exports to the United States rose 20 percent to USD 44.8 billion while those to the European Union declined 20.1 percent to USD 35.7 billion.
Exports in China averaged 678.66 USD HML from 1981 until 2020, reaching an all time high of 2386.38 USD HML in December of 2019 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 September of 2020. source: General Administration of Customs
Exports in China is expected to be 2380.00 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 2250.00 in 12 months time. In the long-term, the China Exports is projected to trend around 2310.00 USD HML in 2021 and 2410.00 USD HML in 2022, according to our econometric models.