Chine Exportations

Exports from China grew 27.1 percent year-on-year to USD 300.22 billion in October 2021, after a 28.1 percent surge in September and compared with market expectations of 24.5 percent. This marked the 13th straight month of double-digit growth in shipments, amid solid global demand ahead of holiday seasons and easing power shortages, with exports growing for unwrought aluminum and products (14.49 percent), steel products (11.34 percent), and rare earths (89.24 percent). Sales increased from Japan (16.3 percent), South Korea (33.1 percent), Taiwan (24.0 percent), Australia (22.3 percent), the US (22.7 percent), the ASEAN countries (18.0 percent), and the EU (44.3 percent). Considering the first ten months of the year, exports jumped 32.3 from a year earlier to USD 2.7 trillion, already surpassing all of 2020.