City skyline in China

China Trade September 2023

China: Merchandise exports slide at a slower pace in September

Merchandise exports declined 6.2% over the same month last year in September, following August’s 8.8% decrease. September’s outturn marked the smallest decline since April 2023 and was a smaller drop than markets were expecting. Exports to most major export markets continued to fall, though sales to Russia saw double-digit growth. Looking at subsectors, booming vehicle exports partially offset a decline in electronics exports. Meanwhile, merchandise imports fell 6.3% on an annual basis in September (August: -7.3% yoy).

As a result, the merchandise trade balance improved from the previous month, recording a USD 77.7 billion surplus in September (August 2023: USD 68.2 billion surplus; September 2022: USD 82.7 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 850.4 billion surplus in September, compared to the USD 855.4 billion surplus in August.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest