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.
| (in $bn) | ||||||
| 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 |
| Non-ferrous | 2.0 | 16.7 | 7.3 | 46.8 | -15 | 33.1 |
| Metals, unspecified | 9.6 | 73.8 | 1.3 | 10.5 | 0.3 | -10.6 |