China Exports

Exports in China increased to 1701.10 USD Hundred Million in March of 2014 from 1140.94 USD Hundred Million in February of 2014. Exports in China is reported by the General Administration of Customs. Exports in China averaged 469.17 USD Hundred Million from 1983 until 2014, reaching an all time high of 2077.42 USD Hundred Million in December of 2013 and a record low of 13 USD Hundred Million in January of 1984. Export growth has been a major component supporting China's rapid economic expansion. Exports of goods and services constitute 30% of GDP. China major exports are: electromechanical products (57 percent of total exports) and labor-intensive products like clothing, textiles, footwear, furniture, plastic products, bags and toys (20 percent). In recent years, the exports of high tech products have been also growing and in 2012 accounted for 29 percent of total exports. China’s main export partners are the United States (17 percent), European Union (16 percent), ASEAN (10 percent), Japan (7 percent) and South Korea. This page provides - China Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1701.10 1140.94 2077.42 13.00 1730.06 | 2014/04 1983 - 2014 USD Hundred Million Monthly


China Exports

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-08 03:00 AM China
Exports YoY
Aug 2013 7.2% 5.1% 6%
2014-02-12 02:00 AM China
Exports YoY
Jan 2014 10.6% 4.4% 1.0%
2014-03-08 02:00 AM China
Exports YoY
Feb 2014 -18.1% 10.6% 6.8%
2014-04-10 03:00 AM China
Exports YoY
Mar 2014 -6.6% -18.1% 4.0%

Trade Last Previous Highest Lowest Forecast Unit
Current Account 439.91 2013-11-15 403.77 1330.85 -8.96 355.45 2014-03-31 USD Hundred Million [+]
Capital Flows 1270.42 2013-11-15 805.05 1320.80 -517.00 1063.42 2014-03-31 USD HML [+]
Crude Oil Production 4215.00 2013-12-15 4205.00 4281.00 1012.00 4145.59 2013-11-30 Thousands Barrels per Day [+]
External Debt 8631.67 2013-12-31 7369.86 8631.67 158.28 9094.36 2014-06-30 USD HML [+]
Foreign Direct Investment 315.50 2014-03-31 193.00 1175.86 18.32 398.15 2014-04-30 USD Hundred Million [+]
Gold Reserves 1054.09 2013-12-31 1054.09 1054.09 395.01 Tonnes [+]
Terms Of Trade 106.44 2014-02-15 101.33 118.33 81.75 102.30 2014-01-31 Index Points [+]
Tourist Arrivals 173.30 2014-03-15 139.20 216.60 21.70 175.58 2014-03-31 Tens of Thousands [+]
Current Account to GDP 2.00 2013-12-31 2.60 10.10 -3.70 1.99 2014-12-31 Percent [+]
Balance of Trade 77.06 2014-03-15 -229.89 404.00 -319.71 -13.84 2014-04-30 USD Hundred Million [+]
Exports 1701.10 2014-03-15 1140.94 2077.42 13.00 1730.06 2014-04-30 USD Hundred Million [+]
Imports 1624.05 2014-03-15 1370.82 1830.13 16.60 1734.23 2014-04-30 USD Hundred Million [+]

Exports | Notes
Exports measure the amount of goods or services that domestic producers provide to foreign consumers by. It is a good that is sent to another country for sale. In the past, export of commercial quantities of goods normally required involvement of the customs authorities in both the country of export and the country of import. More recently, with the advent of small trades over the internet such as through Amazon and e-Bay, exports have largely bypassed the involvement of Customs in many countries due to the low individual values of these trades. Nonetheless, these small exports are still subject to legal restrictions applied by the country of export.


China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Chinese GDP Growth Slows in Q1  
China’s economy advanced 7.4 percent in the first quarter of 2014, slowing from a 7.7 percent expansion in the previous period, but beating market forecasts. It is the lowest growth since the third quarter of 2012, as exports and imports contracted and growth in fixed asset investment eased.
China Inflation Rate Accelerates in March  
Higher fresh food prices boosted Chinese annual consumer prices up to 2.4 percent in March of 2014, after slowing to 2 percent in the previous month. On a monthly basis, prices fell 0.5 percent.
China Reports Trade Surplus in March  
China's exports declined 6.6 percent in March of 2014 from a year earlier, while imports dropped 11.3 percent, leaving the country with a trade surplus of USD 7.7 billion. Although the trade balance rebounded from its USD 23 billion deficit in February, it was the second consecutive month exports contracted.
PBOC Widens Yuan’s Daily Trading Band  
People’s Bank of China decided on March 15th, 2014 to widen the trading band, allowing the Yuan to fluctuate by 2 percent from the parity daily, up from the previous 1 percent target. The decision, effective from March 17th aims to enable the market to play its roles and make the Yuan a freer currency.
China Inflation Decelerates in February  
Chinese annual inflation rate slowed to 2 percent in February after growing 2.5 percent in each of previous two months. It was the lowest rate in thirteen months.
China Posts Trade Deficit in February  
Chinese trade balance turned into a USD 22.9 billion deficit in February of 2014, the highest in two years, as exports tumbled 18 percent over a year earlier on Lunar Year distortions.
People’s Bank of China Drains Funds to Curb Lending Surge  
On February 18th, 2014, People’s Bank of China drained CNY 48 billion (USD 7.9 billion) from money markets to absorb liquidity, as bank lending jumped more than expected in January.
China Annual Inflation Rate Rises 2.5% in January  
China's consumer prices rate held steady at 2.5 percent in January, while producer prices fell 1.6 percent, official data from the National Bureau of Statistics showed.


South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.

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