News News

China's exports jump 11.4% in October, imports grow moderately

日期: 2020-11-09
浏览次数: 0

China's exports continued to expand in October, the growth rate reached 19 months high, and imports also showed stable growth, official data showed on Saturday, as the country's economy continues to recover from the pandemic.

China's October exports and imports increased 11.4 and 4.7 percent, respectively, from a year earlier, reaching $237 billion and $179 billion.

Exports in October continued to expand from an already solid increase of 9.9 percent in September, beating analysts' expectations of 9.3 percent. Imports however slowed down from September's big leap of 13.2 percent, and stabilized to 4.7 percent, still marking the second straight month of growth.

After bottomed in February this year when the pandemic just broke out and China imposed travel restrictions to control the breakout, China's exports quickly rebounded and have maintained resilient since, from the strong demand for medical supplies from the rest of the world.

The surge in exports pushed the trade surplus to $58.44 billion, increased 34.9 percent compared to the same time last year. The surplus stood at $37 billion last month.

However, analysts cautioned that China's robust trade performance could come under pressure in November, as the second wave of coronavirus is sweeping through the rest of the world, and many major economies in Europe went back to lockdown.

In the first 10 months of 2020, China exported more industrial and electrical products and textile products. The exports of clothing, shoes, bags, oil, and steel saw different degrees of reduction.


Share to:
News / Recommended news More
2020 - 11 - 26
China will step up efforts to expand the free trade area network across the world to enlarge its 'circle of friends', according to China's Commerce Minister Zhong Shan.After signing the Regional Comprehensive Economic Partnership (RCEP), China will see the China-Cambodia free trade agreement take effect at an early date and accelerate investment treaty negotiations with the European Un...
2020 - 11 - 18
China is ramping up efforts to improve the service capability of China-Europe rail freight, providing much-needed freight service amid the COVID-19 outbreak, the country's top economic regulator said on Tuesday.The new move came in an effort to keep up with the rising demand for freight trains amid the COVID-19 outbreak which has hampered international air and sea transport, Meng Wei, spokeswo...
2020 - 11 - 09
China's exports continued to expand in October, the growth rate reached 19 months high, and imports also showed stable growth, official data showed on Saturday, as the country's economy continues to recover from the pandemic.China's October exports and imports increased 11.4 and 4.7 percent, respectively, from a year earlier, reaching $237 billion and $179 billion.Exports in October co...
2020 - 11 - 02
China's economy recovered steadily in October as the latest data showed the continuous expansion of the manufacturing and services sectors. Economists expect structural reforms and opening measures unveiled in the country's newly proposed five-year plan and its development goals for 2035 will help sustain long-term growth.The country's factory activities stayed in expansionary territor...
Phone: 86-510-85750782 
Zip code:214031
Address: Room 3606, Block A, Yunhe East Road 555, Wuxi, Jiangsu Province, China
Copyright ©2018 - 2021 Leonzon International Trading Co., Ltd.
犀牛云提供企业云服务