2016-10-13

Global Trade Still Slowing, Chinese Exports Slide

Bloomberg: China Exports Fall Most in Seven Months, Adding to Yuan Pressure
Exports fell 10 percent from a year earlier in September, the customs administration said Thursday
Imports declined 1.9 percent
In yuan terms, shipments declined 5.6 percent, imports rose 2.2 percent
Trade surplus at $42 billion

With respect to commodities, through three quarters: 2016年前三季度我国外贸进出口情况
Sixth, iron ore, crude oil, copper and other commodity imports to maintain growth, the main import commodity prices remain low compared with the first half but the decline narrowed. The first three quarters, China imported 763 million tons of iron ore, an increase of 9.1%; crude oil 284 million tons, up 14 percent; coal 180 million tons, an increase of 15.2%; copper 3.79 million tons, an increase of 11.8%. Over the same period, imports of refined oil 21.5 million tons, down 7.1%; steel 9.83 million tons, an increase of 1%. Over the same period, China's overall import prices fell 5.3%. Among them, the average price of iron ore imports fell 8.6%, crude oil fell 25.9%, 16.9% decline in refined oil, coal fell 14.8%, down 11.9% copper, steel products fell 7.4%, a decrease compared with the first half were narrowed.

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