Home / Knowledge / News / China's trade surplus down in October
China's trade surplus down in October
Nov '11
China has registered a trade surplus of US$ 17.03 billion in October 2011, marking a decline of 36.5 percent year-on-year, as per the data released by Economic and Trade Division of National Development and Reform Commission (NDRC).

However, the country's total foreign trade increased by 21.6 percent y-o-y to US$ 297.95 billion during the month. Of these, exports grew at 15.9 percent y-o-y to US$ 157.49 billion, while imports rose at 28.7 percent y-o-y to US$ 140.46 billion.

The annual growth rate of China's foreign trade fell from 44.1 percent in January to 21.6 percent in October. The annual growth rate of exports declined from 37.6 percent to 15.9 percent during the period, while the growth rate of imports decreased from 51.6 percent to 28.7 percent.

During January to September, China's exports to the US saw a decline, while those to ASEAN and other emerging markets witnessed an accelerated growth. The increase in China's imports from the US and EU markets was at a faster pace than the country's exports to these markets.

The NDRC expects the growth rate of China's foreign trade to further slowdown in the fourth quarter and has projected that the country's total imports and exports in 2011 will amount to US$ 3.68 trillion, which would be an increase of 23.8 percent year-on-year.

Of these, exports are expected to be worth US$ 1.93 trillion, up 22.2 percent y-on-y, and imports are estimated at US$ 1.75 trillion, rise of 25.8 percent y-on-y. Thus, the annual trade surplus is likely to be around US$ 176 billion.

The NDRC further says that the weak trend of the world economy will continue in 2012, leading to a further weakening of demand from overseas markets. It also forecasts a decline in growth rate of emerging economies next year. It has projected China's import and export volume at US$ 4.2-4.32 trillion in 2012, with an annual increase of 14 to 17.5 percent.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search