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Decline in China exports

ImportshipCN – In June 2013, China’s exports declined by 3.1% compared to the previous month. The according to the customs authorities second largest national economy in the world exported goods and services to the value of 174 bil. US dollars (approx. 135 bil. Euros). Allegedly, the reason for the People Republic’s first drop in export since January 2012 is particularly due to the weak economy of China’s export market, Europe. And indeed the exports to the EU fell by 8.3%, compared to a drop of only 5.4% in the exports destined for the USA. China also registered a slight decline of 0.7% in their imports in June.

 

 

2016-10-21T14:23:14+00:00 August 6th, 2013|