Chinese foreign trade down again in August

BOFIT Viikkokatsaus / BOFIT Weekly Review 2015/37

Exports continued to contract in August, falling 6 % y-o-y. For the first eight months of the year, the value of goods exports was down 1 % y-o-y. Growth in the volume of exports remains sluggish.

The value of imports fell 14 % y-o-y in August, continuing a trend seen all this year. The main reason for falling import values is the collapse in prices of energy and other basic commodities. After several consecutive months of decline this spring, import volumes in June-July began to rise. The cumulative trade surplus for January-August climbed to $366 billion.

Value of China’s foreign trade
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Source: Bloomberg

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