Kenneth Chan’s Post

China’s trade surplus reached a record high in 2024, driven by robust exports and weak imports. However, this surge is threatened by incoming US President Trump’s promises to impose higher tariffs on Chinese goods, potentially leading to a shift in export destinations and escalating trade tensions. Despite record exports, falling prices have resulted in a decline in export value, impacting China’s economic growth.

Bloomberg: China Exports Drop More Than Expected in Setback to Recovery +Hopes for meeting 5% growth target hinge on trade revival +Imports unexpectedly slide in signal of weak demand at home #China’s exports slumped in March, dealing a blow to hopes that booming sales abroad will offset weak demand at home and drive growth in the world’s second-largest #economy. #Exports shrank 7.5% in dollar terms in March from a year earlier, while #imports fell 1.9%, the customs administration said Friday. Both numbers came in well below economist forecasts. The #trade surplus for the month was almost $59 billion. Continue reading: https://lnkd.in/eDxtD-XJ

Last month China's trade surplus soared to the highest since 1990, but weak domestic demand meant imports unexpectedly weakened. Exports expanded 8.6% from a year earlier to $308 bn & imports fell 2.3% to $209 bn, leaving a record surplus of $99 bn for June, highest in over 3 decades. The increase in manufacturing, shipments & the increasingly unbalanced nature of Chinese trade has raised alarm bells around the world, with the US, the EU & some nations in Latin America & some other economies introducing tariffs/ starting investigations into Chinese products. Technically this is creating geopolitical tensions in the short-to-mid-term. And if the tariffs continue it will affect China in the long-term. But some key things to consider are that the labor cost is cheap & quality products can be made with the correct supervision. #chinaeconomy #china #exports #imports #macroeconomics #geopolitics #tradesurplus #tradewar

Russo-China trade turnover rises 1.9% to $244.81bn in 2024 #bne #bneEditorsPicks #China #Russia #trade #macro #bneChart Mutual trade turnover trade between China and Russia reached a new record high of $244.81bn in 2024, marking a modest 1.9% increase from the previous year, according to China’s customs authority, reports TASS. China’s imports from Russia were virtually flat at $129.32bn, while exports to Russia rose by 4.1% to $115.49bn. The trade surplus in Russia’s favour fell significantly, decreasing 23.8% y/y to $13.83bn, and is mainly based on oil exports to China.

China’s Export Boom - Record Trade Surplus: In 2024, China's trade surplus reached nearly $1 trillion, more than doubling since 2019. Exports grew by 5% last year, with China supplying a third of the world’s manufactured goods. The boost is attributed to government support. Subsidies have enabled Chinese factories to offer advanced products at competitive prices. Despite export success, domestic issues persist: - Imports rose only 1% in December 2023. - Low consumer confidence due to a housing market crash. - Corporate profits fell nearly 5% in the first 11 months of 2024. And future headwinds such as potential tariffs from President-elect Trump could impact exports in 2025. Read the full article [here](https://lnkd.in/e-EBewQw). #ChinaExports #TradeSurplus #EconomicTrends #GlobalTrade #Manufacturing #ExportGrowth #EconomicChallenges #InternationalTrade #GlobalTradeFinance #Exports

China’s exports climbed more than expected in May, boosting hopes that the world’s second-biggest economy can maintain momentum by relying on foreign markets in the face of new tariff threats, according to Bloomberg.

The World’s 30 Largest Exporters As #protectionism continues to rise around the world, global #trade flows are adapting. Despite facing a wave of tariffs, #China’s goods exports show #resilience. In 2023, China’s #export volumes neared all-time highs as the price of its #manufactured exports fell 10%, on average. Overall, the world’s largest exporter delivered $500 billion in #goods to #America last year, but this could drastically change under the #Trump administration. https://lnkd.in/dy2N63XR

This is interesting. China’s imports and exports to the U.S. and EU fell during the January-May period. However, trade with the Association of Southeast Asian Nations (ASEAN) rose, with China’s exports to the region increasing by 4.1% year-on-year during this period, according to the data. Meanwhile, China’s exports to Russia decreased, while imports from Russia increased by 7.5%." #China #Exports #Imports #Trade #Economy #Numbers #ASEAN https://lnkd.in/dqW8_WyW

China's exports grew by 7.6% in May, beating expectations of 6%, according to a Reuters poll. However, imports rose by only 1.8%, missing the forecast of 4.2%. Trade with the U.S. and EU saw a decline during this period. #ChinaTrade #Exports #EconomicGrowth #GlobalTrade #ChinaEconomy

BEIJING, Jan. 13 (Xinhua) -- China's foreign trade hit a record high in total value in 2024 as the world's second-largest economy further consolidated its top position globally in goods trade. The nation's total goods imports and exports in yuan reached 43.85 trillion yuan (about 6.1 trillion U.S. dollars) last year, up 5 percent year on year, according to data released Monday by the General Administration of Customs (GAC). Exports grew 7.1 percent year on year to 25.45 trillion yuan last year, while imports expanded 2.3 percent from one year earlier to 18.39 trillion yuan, the data showed. ref: https://lnkd.in/gREqC73e