Chinas export volume fell by 9.9% last months largest decline in three yea

(Beijing Comprehensive News) China's import and export trade volume continued to decline in December last year. The decline in exports has been the largest since 2020. It shows that global demand decline and crown control measures have impacted the Chinese economy.

Comprehensive Bloomberg and Reuters reported that data released by the General Administration of Customs on Friday (January 13) showed that the total import and export in December last year was 534.1 billion yuan (USD, the same below, about 706.6 billion yuan), year -on -year year -on -yearFall 8.9%.

Exports were 3060.8 billion yuan, a 9.9%year -on -year decrease, but slightly lower than the 11.1%of economists' predictions.The import was 228.07 billion yuan, a year -on -year decrease of 7.5%, and the decrease was less than November.

This is the third consecutive month since October last year, which has been recorded for the third consecutive month.Reuters believes that the central banks of various countries to raise interest rates to suppress overseas demand, leading to decline in China's exports.

The Ministry of Commerce of China also said on Thursday (12th) that the growth of foreign demand growth is the greatest pressure for foreign trade growth.

In terms of imports, the number of crown diseases in China has surged, the real estate industry is sluggish, and domestic demand is suppressed, leading to decline in imports.Agence France -Presse analyzed that China ’s previous clearance policy has hit enterprises and supply chains and also suppress consumption.

In 2022, China ’s exports increased by 7%, which was significantly slowed significantly compared with the increase of 29.9%in 2021; imports increased by 1.1%, far lower than 30.1%in 2021.

According to Reuters, the total trade between China and Russia increased against the trend last year, reaching a record of 1.28 trillion yuan (S $ 251.6 billion), accounting for 3%of China's total foreign trade import and export value.

Especially in the field of energy, due to Russia's diversification of energy exports, LNPOs from railway exports to China have increased by more than doubled year -on -year.