Chinese Exports To U.S. Increase
- Exports to the United States from China increased 13.3 percent from October 2017 to October 2018 and are now at $42.7 billion. October’s growth was even higher than September’s 13 percent rate. China’s trade surplus with the United States, however, narrowed to $31.8 billion from $34.1 billion since imports of U.S. goods rose 8.5 percent to $10.9 billion.
- China’s finished steel exports fell 7.6 percent from September 2018 to October 2018, but increased 10.4 percent between October 2017 and October 2018. According to American Metal Market (AMM, subscription required), the month-on-month fall was “due to the widening price gap between Chinese steel and non-Chinese steel.”
- According to the China Association of Auto Manufacturers, auto sales in China fell 13 percent from October 2017 to October 2018. It was the fourth month in a row that the reading has declined. Sales for the first ten months of the 2018 were down one percent from the same period in 2017.