The volume of Chinese exports last October decreased unexpectedly by 0. 3% compared to the same month last year and reached 298. 37 billion dollars, according to data from the General Administration of Chinese Customs.
Following an increase of 5.7% in September of last year, analysts who had surveyed the American daily “Wall Street Journal” predicted 4% growth in October.
So, for the first time since May 2020, exports decreased in October 2022, and experts linked this to a reduction in worldwide demand in the context of the global economy.
In terms of imports, they increased by 0. 3% the month prior (September 2022) but declined by 0. 7% on an annual basis last October to reach 213. 17 billion dollars. Economists anticipated the amount to stay the same this month.
China’s foreign trade surplus amounted to $ 85.
2 billion in October 2022, compared to 84. 7 billion dollars in September 2022, and analysts estimated October 2022 at $ 95. 8 billion.
From Interfax.
Unexpectedly, Chinese exports dropped
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