US EditionChina’s exports fall 1.1% in October, hit by a 25% drop in shipments to the US
- On Friday, China’s General Administration of Customs reported exports fell 1.1% year-on-year in October, their first decline since March 2024, as shipments to the United States plunged 25%.
- Chinese exporters had been frontloading shipments to avoid high U.S. tariffs, but that momentum faded in October amid escalating trade tensions after threats of extreme levies and export controls.
- The official purchasing managers' index fell to a six-month low, and imports rose 1%, missing the 3.2% forecast, influenced by a high base in October 2024 when exports grew over 12.6%.
- Last week, Chinese President Xi Jinping and U.S. President Donald Trump met in South Korea and agreed to a one‑year suspension of punitive measures, reducing the effective U.S. tariff rate to 31%.
- A 'meaningful' U.S. export boost is expected in the first quarter of next year, with Goldman Sachs economists projecting 5%-6% annual growth, while China must rely more on domestic demand as exports weaken.
49 Articles
49 Articles
Chinese exports show unexpected fall in October
Chinese exports fell last month for the first time since the US imposed its “Liberation Day” tariffs in April. Exports had boomed this year, and economists had projected another month of growth, with declining trade with the US offset by increased shipments to the rest of the world. But falling prices, particularly for some of China’s most important exports such as batteries, cars, and solar panels, meant the value of exports fell 1.1% in Octobe…
China has begun to notice the effects of the trade war with the United States, half a year after Donald Trump unleashed its global tariff storm. The dollar-denominated value of Asian giant exports fell in October by 1.1% year-on-year—in Yuan, the reduction has been 0.8%—, according to figures revealed this Friday by the General Customs Administration. This is the first contraction since April, the month in which the US president announced his ba…
Chinese exports have added a total of €264,947 million (US$305,353 million) last October, representing a 7 per cent drop from the previous month and a 1.1 per cent decline from the same month last year, representing the first year-on-year decline in China's overseas sales since March 2024, when 7.5 per cent fell, according to the General Customs Administration of China.
China's exports fell by 1.1 percent in October, imports slightly increased by 1 percent. Exports to the US collapsed, but other regions such as ASEAN and Africa experienced growth.
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