(Washington / Beijing Comprehensive News) The China Customs General Administration announced on Monday (November 7) that the data showed that China ’s imports and exports in October fell.It shows that the global economic downturn risks are integrated with supply and demand.

Comprehensive Bloomberg and Surging News reported that official data showed that the exports of Chinese exports in October in October decreased by 0.3%year -on -year to 298.3 billion US dollars (about S $ 419 billion), which is far lower than the growth of economists forecast.4.5%, also lower than 5.7%in September.

In terms of import, the import of imports in October was USD 213.2 billion, a decrease of 0.7%year -on -year, which was the first decline since August 2020.In October, the trade surplus rose to US $ 85.1 billion, and in September of $ 85 billion.

According to the country and regions, exports to the United States and Europe have declined in October, and exports to Taiwan and Hong Kong have also declined, but the exports of Asianan have continued to increase.In October, China's exports to the United States fell by 12.6%year -on -year, a decrease of one percentage point from the previous month, and a negative growth of three consecutive months; the export of EU exports decreased by 9%year -on -year;; Russia's exports increased by 34.6%year -on -year, and achieved double -digit growth for four consecutive months.

Wang Qing, chief macro analyst of Dongfang Jincheng, analyzed that China's exports to the United States continued to grow negatively. In addition to the high base of the same period last year, it was mainly related to the decline in the growth rate of domestic commodity consumption.

From the perspective of product categories, the amount of Chinese home appliance exports in the first ten months of this year has fallen the largest among all product categories, a year -on -year decrease of 11.5%. In addition, the exports of furniture, lighting equipment and medical equipment have also declined.

China's economy is facing multiple factors such as downturn in the real estate market, the prevention and control measures of the epidemic, and weak consumption, and the weak exports have further exacerbated the pressure of economic growth.

Zhang Zhiwei, president and chief economist of Pinpoint Management (Pinpoint), said that weak export growth may not only reflect the weak external demand, but also the supply of supply caused by the crown disease.As the global economy slows down, China's export growth is expected to remain weak in the next few months.