Chinese exports decreased for the fourth month in a row


Moscow. November 9. Chinese exports fell in October for the fourth month in a row, the decline in imports continued for the 12th consecutive month.

The volume of exports in yuan fell last month by 3.6% compared with October 2014, according to data from the General administration of customs of the PRC. Imports in RMB decreased by 16%.

Experts surveyed by Bloomberg, the average expected decline in exports in October by 3.1%, imports – by 11.7%.

In September, the figures had fallen respectively by 1.1% and 17.7%.

The surplus balance of foreign trade in China in yuan last month amounted 393,2 billion yuan ($61.9 billion).

“Chinese exports is facing structural challenges due to weak demand in key markets, says chief economist for the Asia-Pacific region at IHS Global Insight in Singapore Rajiv Biswas. – Weakening growth in emerging markets also affects the volume of Chinese exports”.

Chinese exports to Japan in January-October of 2015 fell by 9% compared with the same period a year earlier, to EU countries – by 3.7%, Hong Kong 11.7%.

The PRC exports to the US, the largest trading partner of China, has increased during the ten months of this year by 5.8%.

Imports to China from 10 countries, main trading partners China, decreased in January-October. In particular, imports from Australia fell during this period by 25.7%.

Chinese exports in dollar terms in October fell by 6.9% after declining by 3.7% in the previous month, the volume of imports decreased by 18.8% (minus 20.4 per cent in September). Surveyed by Bloomberg analysts on average expected a decline of indicators respectively 3.2% and 15.2%.

The balance surplus of China’s foreign trade in dollar terms in October amounted to $61,64 billion against $60,34 billion a month earlier. The consensus forecast of experts for this indicator was $62 billion.