China Exports

Exports from China declined by 4.1 percent year-on-year to USD181.06 billion in May of 2016, following a 1.8 percent drop in the preceding month and market consensus of a 3.6 percent fall. From January to May 2016, exports dropped by 7.3 percent from the same period a year earlier. Outbound shipments declined for: Chinese herbal and medicine (-13,6 percent), coke and semi-coke (-36.7 percent), crude (-67.2 percent), refined oil (-7.1 percent), mineral fertilizer (-42.4 percent), clothing & accessories (-3.6 percent). Exports were down to: Hong Kong (-4.7 percent), Japan (-6.6 percent), South Korea (-8.7 percent), Taiwan (-10.7 percent), the ASEAN countries (-20.8 percent), the EU countries (-5.6 percent), Russia (-39.3 percent), South Africa (-11.8 percent), the US (-9.6 percent), Australia (-5.3 percent) and New Zealand (-7.7 percent). In contrast, outbound shipments rose to India (+2.5 percent). Exports in China averaged 560.56 USD HML from 1983 until 2016, reaching an all time high of 2275.13 USD HML in December of 2014 and a record low of 13 USD HML in January of 1984. Exports in China is reported by the General Administration of Customs. Export growth has been a major component supporting China’s rapid economic expansion. In the last 2 years, the exports declined due to weaker global demand but China’s proportion of global exports rose to 13.8 percent in 2015 from 12.3 percent in 2014. China major exports are: mechanical and electrical products (41 percent of total exports), high tech products (20 percent), labor-intensive industries like clothing, textiles, footwear, furniture, plastic products and ceramic (16 percent), motors and generators (5 percent) and integrated circuits (5 percent). China’s main export partners are the United States (18 percent of total exports), Hong Kong (15 percent), the European Union (16 percent, of which Germany, the UK and the Netherlands account for 3 percent each), ASEAN countries (12 percent, of which Vietnam accounts for 3 percent), Japan (6 percent), South Korea (4 percent) and India (3 percent). This page provides – China Exports – actual values, historical data, forecast, chart, statistics, economic calendar and news.