Exports from China decrease by 5 trillion yen globally UN estimates 5:25 on March 5 with new virus
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UNCTAD: United Nations Conference on Trade and Development said that exports from China last month decreased by about 5 trillion yen in global terms, with economic activity stalled due to the suspension of operations at factories in China due to the new coronavirus. It was announced.
According to UNCTAD, parts of industrial products made in China account for 20% of the world's total, but the impact of the new coronavirus has been spreading, with a number of factories shutting down operations.
UNCTAD held a press conference in Geneva, Switzerland on April 4, and released estimates on the impact of slow economic activity in China on exports.
That suggests that in February, manufacturing exports from China fell about $ 46.9 billion globally, or about 5 trillion yen in Japanese yen, compared to last year's average.
The most significant of these is the EU = European Union of about 1.6 trillion yen, followed by the United States of about 620 billion yen, and the third in Japan of about 550 billion yen. This means that exports of auto parts have dropped sharply.
"There is no doubt that exports will continue to decline," said Pamela Cork Hamilton, UNCTAD's Director of International Trade, and said the impact would continue to increase this month and beyond.