China’s manufactured goods exports fell by 20.6pc and 15pc in the ferrous and non-ferrous segments, respectively, during January-September 2020, data from the country’s customs statistics indicated.
Machinery and manufactured goods exported in the first nine months of 2020 were valued at $33bn in iron and steel while non-ferrous metal goods accounted for $16.7bn. A decline of 20pc and 17.8pc was noticed in these categories, though actual volumes were not disclosed.
In September, China exported ferrous equipment worth $3.6bn while non-ferrous machinery exports tallied at $2bn. Iron and steel machinery imports into China stood at $4.6bn last month, while the non-ferrous segment for the same products was worth $7.3bn. The value of exports rose in September compared with August.
From January to September, the value of imported ferrous goods increased by 55.8pc to $28bn from the prior year. Non-ferrous machinery imports were valued at $46.8bn, climbing 33pc on an annual basis.
Unspecified metal machinery, exports tallied at $73.8bn in January-September, growing 0.3pc from last year while imports accounted for $10.5bn, down by 10.6pc in the same period under comparison. In September, these segments were valued at $9.6bn and $1.3bn, respectively.
|Category||Export||Import||Variation in YTD (in percent)|
|Manufacturing goods||Sept-20||YTD 2020||Sept-20||YTD 2020||Exports||Imports|
|Iron and steel(ferrous)||3.5||33.9||4.6||28||-20.6||55.8|