[041020.EN.BIZ] China's America, Europe Trade Value Slips 4.1 to 2.4pc in 2020

 

CHINA's export trade value with North America in the first eight months of the year fell 4.1 per cent to US$383.3 billion while exports to Europe stood at $332.2 billion, down 2.4 per cent.

From January to August Chiina's import and export trade value decreased 3.4 per cent year on year, according to the Ningbo Shipping Exchange as reported by Hellenic Shipping News Worldwide.

Import and export trade value in the same period between China and Europe was US$562.1 billion, down 1.5 per cent year on year, accounting for 19.7 per cent of China's total import and export value.

China-European export trade value was US332.2 billion, up 2.4 per cent year on year while import trade value was $229.9 billion, down 6.8 per cent.

In August, the Maritime Silk Road Trade Index (STI) released by the Ningbo exchange showed that the import and export trade index was 143.94 points, down 0.32 per cent from the previous month and up 4.26 per cent year on year.

The export trade index was 163.11 points, down one per cent from the previous month , An increase of 9.53 per cent year on year while the import trade index was 124.43 points, up 0.59 per cent month-to-month and down 2.02 per cent year on year.

From January to August, China total import and export trade value was $2.85 trillion, a year-on-year decrease of 3.39 per cent. Among them, the total export trade value was $1.57 trillion, a year-on-year decrease of 2.29 per cent. Total import trade value stood at $1.28 trillion, a year-on-year decrease of 4.71 per cent.

From January to August, the import and export trade value between China and Asia was $1.46 trillion, down 2.8 per cent year on year, accounting for 51.5 per cent of China¡¯s total import and export value.

From January to August, the import and export trade value between China and Africa was US$116.4 billion, down 15.3 per cent year on year, accounting for 4.1 per cent of China's total import and export value. The export trade value was $69.2 billion, down five per cent while import trade value came to $47.2 billion down 27 per cent year on year.

The export trade value was $290.8 billion, down three per cent year on year; the import trade value was $92.6 billion, down 7.3 per cent year on year.

From January to August, the import and export trade value between China and Latin America was $195.9 billion, a year-on-year decrease of 4.2 per cent, accounting for 6.9 per cent of China's total import and export value. Export trade value was $89.4 billion, down eight per cent year on year while import trade value was $106.6 billion, down 0.8 per cent.

From January to August, the import and export trade value between China and Oceania was $125.5 billion, down 1.8 per cent year on year, accounting for 4.4 per cent of China's total import and export value. Export trade value was $39.1 billion, up 8.4 per cent year on year; the import trade value was $86.4 billion, down 5.8 per cent.

Source : HKSG / Photo : New Mandala.