Exports from China slumped 14.5% yoy to a five-month low of USD 281.76 billion in July 2023, the steepest decline since February 2020, after a 12.4% drop in June, and worse than forecasts of a 12.5% fall, amid slowing global demand. Among major trade partners, exports to the US slumped by 23.1% from a year earlier, while those to the ASEAN countries, China's largest trade partner, and the EU plunged by 21.4% and 20.6%, respectively. Exports of rare earths in July surged 49% from a year earlier to 5,426 metric tons, supported by healthy demand from the new energy vehicle and wind power sectors. For the first seven months of the year, exports fell 5% from the same period in 2022 to USD 1.94 trillion. source: General Administration of Customs
Exports YoY in China averaged 14.74 percent from 1991 until 2023, reaching an all time high of 154.60 percent in February of 2021 and a record low of -40.60 percent in February of 2020. This page includes a chart with historical data for China Exports YoY. China Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.