Shanghai Customs reports biggest monthly foreign trade fall in seven years
[2008-12-23 16:53:31]
|
The Shanghai Customs on Monday reported that November saw the biggest monthly fall in foreign trade since 2001, as the effects of the global financial crisis continued to be felt. Exports and imports via the customs fell by 9.7 percent year-on-year in November to reach 45.4 billion U.S. dollars, as compared to an average of over 50 billion U.S. dollars from January to July. The customs, nearly one fourth of China's foreign trade, witnessed exports decrease by 2.4 percent in November to 31.4 billion dollars, as compared to a robust growth of 20.8 percent in October. Imports registered a sharp fall of 22.8 percent to 13.98 billion dollars in November, as compared to a year-on-year increase of 7 percent a month before, said the customs. It said that exports via Shanghai to America, the epicenter of the global financial crisis, were down by 8.2 percent in November, as compared to an averaged increase of 14.6 percent in the first ten months. The customs attributed the sharp fall in export to the shrinking demand by foreign-invested firms in China, whose exports constituted two third of the total throughput. The exports reduced by 6.1 percent in November, reversing a strong rising momentum in the first ten months, when the averaged growth rate was 22.9 percent. |
|
Source:Xinhua |
Source: 中华人民共和国商务部 面向希望与中国做贸易往来的新加坡公众或企业
Keywords:Policy; import taxes;
Related Articles:
- Guangdong Trade with “Belt & Road” Countries: Value Down in Aug 2017 YOY
(2017-10-13) - Shenzhen-USA Trade in High-Tech Products: Value Up in Jan-Aug 2017
(2017-10-10) - Guangdong Imported Automobiles, Price Up & QTY Down, in Aug 2017
(2017-10-09) - Beef & Mutton Import to Tianjin, Up 14.1% YOY in Jan-Aug 2017
(2017-09-29) - Rubber Imports to Shandong Province in August 2017
(2017-09-29) - Qingdao Statistics on Rubber Imports in Jan-Aug 2017
(2017-09-29) - Tianjin Imported Beef & Mutton 14.1% More in Jan-Aug 2017
(2017-09-29) - Solid Wastes Import to Shanghai Up YOY in Jan-July 2017
(2017-09-22) - Chongqing’s Foreign Trade Up 5.9% YOY in Jan-Aug 2017
(2017-09-22) - Lhasa Customs Statistics for Jan-Aug 2017
(2017-09-22)
