China exports drop in AugustChristian Fernsby ▼ | September 10, 2019
In August, exports fell 1.0% over the same month last year.
Asia China port containers
Topics: China export
August’s contraction mostly reflected a sizeable drop in shipments to the United States.
Imports fell 5.6% in annual terms in August, following July’s 5.3% drop.
The reading was better than the 6.0% decline that market analysts had projected.
As a result of the sharp decrease in imports, the trade surplus rose from USD 26.3 billion in August 2018 to USD 34.8 billion in August 2019 (July: USD 44.6 billion surplus).
The 12-month moving sum of the trade surplus increased from USD 413 billion in July to USD 421 billion in August.
FocusEconomics panelists forecast that exports will expand 0.8% in 2019 and imports will drop 0.5%, bringing the trade surplus to USD 381 billion.
In 2020, FocusEconomics panelists expect exports will expand 2.4%, while imports will rise 3.9%, bringing down the trade surplus to USD 358 billion. ■