China’s share in the US market fell 27%, but exports made a record in the rest of the world, know what is the reason?

China’s exports to the US fell by 27 percent in September, while global exports peaked six months. China’s global exports rose 8.3 percent year -on -year to $ 328.5 billion, exceeding economists expectations, according to the data released by customs on Monday. This is much better than the 4.4 percent growth in August. Imports increased by 7.4 percent last month, compared to 1.3 percent increase in August. However, exports are declining for six consecutive months, but the poor domestic economy and the slowdown in the property sector weigh on demand and consumption. China’s exports to the US drop six consecutive months and fell 33 percent in August. Their future remains uncertain due to the distribution of the Tariff Agreement between China and the US and the imposition of new rates and other countermeasures by both countries. Exports to Southeast Asia recorded an increase in 15.6 percent in September. Exports to Latin America and Africa increased by 15 percent and 56 percent respectively. “At the moment, the external environment is still serious and complicated. Uncertainty and trade problems are increasing. We need to make even more efforts to stabilize trade in the fourth quarter,” China’s Customs Agency Vice Minister Wang Jun said on Monday. Gary NG, senior economist at Natixis, said China’s exports “remain resilient despite heavy rates, given low cost and limited global replacement options.” America will impose 100 percent extra duty on China from 1 November. The tensions between the two countries increased further after US President Donald Trump announced from 1 November to place 100 percent in China. Share this story -tags