Customs data show exports slid to 283.5 billion, reversing from April’s unexpectedly strong 8.5 growth. Index Of Export Market Penetration, Revealed Comparative Advantage (RCA) and much more(iv) Relevant indicators from World Development Indicators (WDI) like GDP, GDP per Capita, Trade as percentage of GDP, Services Exports and Imports, taxes on exports and more. 15 hours ago &0183 &32 China’s exports fell 7.5 from a year earlier in May and imports were down 4.5, adding to signs an economic recovery is slowing. (iii) Details on various products exported and imported globally and with individual partner countries (iv) Trade indicators like number of export and import partners, herfindahl hirschman index, View international trade statistics by country or region to obtain the following (i) country or region's overall exports, imports and tariffs (i) details of exports and imports with various partner countries along with partner share and Most Favored Nation (MFN) and Effective Applied Tariff (AHS) tariffs imposed. It would need to accelerate further to reach the ruling Communist Party’s official growth target of “around 5%” for the year.WITS TradeStat Database is designed with the purpose of providing the latest international merchandise and commercial services trade data and overview of country and region's imports and exports, tariff and non-tariff measures. China’s politically volatile trade surplus with the United States narrowed by 21.9% to $28.1 billion.Ĭhina's economic growth accelerated to 4.5% over a year earlier in the three months ending in March from the previous quarter’s 2.9%. Imports of American goods sank 9.9% to $14.3 billion. A government survey in April found a record 1 in 5 young workers in cities were unemployed.įactory activity is contracting and employers are cutting jobs after interest rate hikes to cool inflation in the United States and Europe depressed demand for Chinese exports.Įxports to the United States tumbled 18.2% from a year earlier to $42.5 billion after the Federal Reserve raised its benchmark lending rate to a 16-year high to curb surging inflation by slowing business and consumer activity. Retail spending is recovering more slowly than expected because jittery consumers worry about the economic outlook and possible job losses. But forecasters say the peak of that rebound probably has passed.
economy to enter recession,” Lloyd Chan of Oxford Economics said in a report.įactory output and consumer spending revived after controls that cut off access to major cities for weeks at a time and blocked most international travel were lifted in December. “China's exports will remain subdued, as we anticipate the U.S. Trade weakness adds to downward pressure on the world's second-largest economy following lackluster factory and consumer activity and a surge in unemployment among young people. China's global trade surplus narrowed by 16.1% to $65.8 billion. Imports fell to $217.7 billion, moderating from the previous month’s 7.9% contraction.
BEIJING - China’s exports fell 7.5% from a year earlier in May and imports were down 4.5%, adding to signs an economic rebound following the end of anti-virus controls is slowing as global demand weakens under pressure from higher interest rates.Įxports slid to $283.5 billion, reversing from April’s unexpectedly strong 8.5% growth, customs data showed Wednesday.
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