China's export value in September increased by more than 28% compared to the same month last year as demand continued to recover in the United States and Europe.
According to last month's trade statistics released by Chinese customs officials on the 13th, the total trade value of exports and imports was $ 544,720 million, an increase of 23.3% from the same month last year.
Of this, export value was $ 305,740 million, an increase of 28.1%.
This is because demand increased in the United States and Europe, where economic activity is recovering from the spread of the new coronavirus infection, and exports of electronic devices such as personal computers continued against the backdrop of the so-called global increase in demand for nesting. Because it was doing well.
Meanwhile, imports increased 17.6% to $ 238.98 billion.
This is due to the fact that prices of raw materials such as crude oil, coal, and metals continue to rise, although the rate of increase was smaller than in the previous month.
Soaring raw material prices have led to a recent slowdown in the Chinese economy, and rising prices for coal and other products are one of the factors that cause power supply restrictions in various parts of China.
On the other hand, it seems that the increase in raw material prices has been passed on to the background of the increase in export value, and it has been pointed out that it may lead to price increases in the United States and Europe, which are export destinations.
Customs officials said, "Increased demand in the international market has favored China's exports, but the recovery of the global economy remains difficult and there are still many unstable and uncertain factors in China's trade. ".