5,191.83 TL BIST 100 BIST 100
18.82 $ USD USD
€20.48 EUR EUR
9.14 TL Interest Interest
86.66 $ Fossil Oil Fossil Oil
4.23 $ Copper Copper
23.60 $ Silver Silver
126.64 $ Iron Ore Iron Ore
403.00 $ Ship Dismantling Ship Dismantling
1,164.69 TL Gold (gr) Gold (gr)

China's foreign trade exhibited an unexpected decline!

China's exports and imports unexpectedly decreased in October. Exports and imports decreased simultaneously for the first time since May 2020...

China's foreign trade exhibited an unexpected decline!

The rise in inflation, the slowdown in global demand from rising interest rates and the Kovid-19 measures had a negative impact on China's exports and imports.

In October, exports contracted by 0.3 percent compared to the same period of the previous year, while the decrease in imports was 0.7 percent. Exports, which increased by 5.7 percent in September, were expected to increase by 4.3 percent in October, while imports, which increased by 0.3 percent in September, were expected to grow by 0.1 percent.

In October, China's foreign trade surplus increased from 84.74 billion dollars in September to 85.15 billion dollars. However, it fell far behind the expectations of $ 958.95 billion.

In yuan terms, China's exports increased by 7 percent and imports by 6.8 percent in October. The trade balance was 586.81 billion yuan.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

UK plans to impose carbon tax on steel imports

Wednesday, January 25, 2023

Australia demands that coal miners set aside some of their production for local needs

Sunday, January 22, 2023

Window, Door and Glass Sector Focused on This Fair

Sunday, January 22, 2023

Severstal, NLMK and MMK are trying to resolve the dispute with FAS

Friday, January 20, 2023

European Parliament votes for Waste Shipment Regulation

Thursday, January 19, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now