China foreign trade value fell 19.9pc in first 10 months

China's import and export value totalled US$1.76 trillion, down 19.9 per cent from January to October compared with the same period last year, reported Logistics Week.
Import value for the first 10 months was $798.13 billion, down 19 per cent year on year. Exports declined 20.5 per cent to $957.36 billion. The trade surplus for the first 10 months was down 27.2 per cent to $159.23 billion.
The country's import and export value fell 10.7 per cent in October year on year, but monthly exports exceeded US$100 billion for a fourth straight month. Imports stood at $86.8 billion for October, a decrease of 6.4 per cent compared with the same month last year, while exports dropped 13.8 per cent to $110.8 billion. Exports dropped 13.8 per cent in October year on year, the smallest rate of decline since January. In September, the rate was 15.2 per cent.
The EU was China's biggest trading partner during the first 10 months, though bilateral trade value declined 18.7 per cent to $292.42 billion; the US was second with bilateral trade at $239.36 billion, down 14.9 per cent and Japan followed with bilateral trade down 19.3 per cent at $182.34 billion.