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Regardless of trade deal Chinese exports contiune to fall

  • Regular
  • Asian Market
  • 1 month ago
  • 30

Chinese exports fell by 3.2% year-on-year during the month of September.

Exports continue to struggle following a 1% drop during the month of August as analysts had forecasted a 3% drop, the sharpest fall since February of this year.

Although the US have suspended imposing tariffs on Chinese goods, sales of crude oil, aluminium, rare earth products and steel products all took a considerable drop.

With that, exports to fellow Asian countries such as South Korea and Japan fell by 4.4% and 11% respectively, while exports to the EU also fell by 1.3%

 

 

 

Source: Smart Trend Team