Exports from China shrank 7.5% yoy to a three-month low of USD 283.5 billion in May 2023, reversing from an 8.5% growth in April while pointing to the first fall since February and the steepest decline in four months. The latest print was worse than the market consensus of a 0.4% decline, as global demand was insufficient to sustain a recovery in outbound shipments. Among major trade partners, exports to the US plunged by 18.2% from a year earlier, while those to the EU slumped by 26.6%. By contrast, shipments to Russia surged by 114%, particularly energy. Considering the first five months of the year, exports were up 0.3% from the same period in 2022. source: General Administration of Customs
Exports in China averaged 81.87 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. 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 2023.
Exports in China is expected to be 264.00 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 330.00 USD Billion in 2024 and 345.00 USD Billion in 2025, according to our econometric models.