The total imports of imports in October this year have accidentally increased the growth year-on-year growth., But exports have increased.
According to the China News Network, the import and export data released by the General Administration of Customs on Tuesday (November 7) showed that the total export value in October calculated in the US dollar was US $ 274.83 billion (about S $ 371.8 billion), A year -on -year decrease of 6.4%, a decrease of 6.2%higher than September and a 3.3%decrease in expected; imports were US $ 218.3 billion, a year -on -year increase of 3%, a decrease of 6.2%in September and a decline of 4.8%;The US dollar narrowed 30.8%year -on -year.
Data also show that in the first 10 months of this year, the total value of China's import and export value was $ 4.9 trillion, a year -on -year decrease of 6%.Among them, exports were US $ 2.79 trillion, a year -on -year decrease of 5.6%; imports were 2.11 trillion US dollars, a year -on -year decrease of 6.5%; trade surplus was US $ 684.04 billion, a narrowing of 2.7%year -on -year.
Zhou Hao, the chief economist of Guotai Junan, analyzed that the significant improvement of imports may come from the demand for growing in China, especially the demand for inventory.But the bad export data is the opposite of market expectations and may further crack down on market confidence.
Reuters reports that since June this year, the Chinese government's launch of a package of boosting economic policy measures is helping to promote the initial economic recovery, but the long -lasting real estate crisis and global demand are still the main resistance.
Due to the congestion of ports in North America and Europe, the Baltic Laurus carriers of the Baltic Separation of the Global Trade Bald Watch fell from October to the lowest level since December 2020.
