China’s export growth to the US has fallen sharply

China's export growth to the US has fallen sharply

Affected by the US-China trade friction, China’s US export growth rate in the first half of this year has fallen sharply.

China Customs unexpectedly disclosed a set of trade data for the United States on Tuesday night, showing that China’s exports to the United States increased by 5.4% in the first half of the year, a decrease of 13.9 percentage points from the same period last year. Among them, the most obvious in June, the export growth to the United States was only 3.8%, and the growth rate dropped by 23.8 percentage points. This shows that the impact of Sino-US trade disputes has begun to appear.

The trade data previously published by China Customs includes monthly import and export and trade account data for specific countries, but the latest data publishes trade account data with the United States by established practice.

US measures to impose tariffs on Chinese exports to the US will not take effect until this Friday, but the two countries have threatened to impose taxes for several months. The latest data shows that escalating trade frictions have begun to affect China’s Exported.

The US taxation target is mainly aimed at China’s high-tech products. In the field of Chinese traditional labor-intensive products, China Customs data shows that the total value of China’s exports is the same as that of the same period last year.

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