China's exports to US grew 12.9% year-on-year in Jan-May,

[onebyone]

https://twitter.com/x/status/1534898211088871424

 

[shi12jun]

According to the latest data released by the General Administration of Customs of China on June 9, the total value of China's imports and exports in May was US$537.74 billion, an increase of 11.1%. Among them, the export was 308.25 billion US dollars, an increase of 16.9%; the import was 229.49 billion US dollars, an increase of 4.1%; the trade surplus was 78.76 billion US dollars, an increase of 82.3%.

 

[Han Patriot]

The Western media keep hyping as if the whole China was closed and under locked down when in actual fact only Shanghai and Jilin was under full lockdown. That's 2% of China and if we include Shanghai's gdp contribution, I would say around 10%. I would say 0.5% of Chinese GDP growth was reduced.

 

[jhungary]

that mostly because US halved the import from China in 2021 from 6 million shipment to somewhere around 3.4 millions shipment.

Top U.S. Imports from China for 2021

Learn about the top imports from China to the USA, including top products by category, share of imports vs. other countries, and other stats.

www.junglescout.com

On the other hand, if it is really 12.9% of growth Post COVID, that mean the US import from the rest of the world is catching up.

 

[Han Patriot]

that mostly because US halved the import from China in 2021 from 6 million shipment to somewhere around 3.4 millions shipment.

Top U.S. Imports from China for 2021

Learn about the top imports from China to the USA, including top products by category, share of imports vs. other countries, and other stats.

www.junglescout.com

On the other hand, if it is really 12.9% of growth Post COVID, that mean the US import from the rest of the world is catching up.

View attachment 852885

We are not just talking about surpluses matey, cehck the export volumes. Exports increased by 16% despite a 2% population lockdown.

 

[Splurgenxs]

since we are comparing gross margins ,
it also matches the rate of inflation?

Might need to check the details.

 

[Han Patriot]

since we are comparing gross margins ,
it also matches the rate of inflation?

Might need to check the details.

Chinese price index did not increase much during the lockdown. What people fail to understand is that most major companies in Shnaghai we working under a closed looped system after 30 days, so in actual fact alot of production was ongoing. I wouldn't say they were on full blast all through that period but 90% availability is easily achievable. Ports were still running despite the lockdown for 2 months, exports were actually continuing.

 

[jhungary]

We are not just talking about surpluses matey, cehck the export volumes. Exports increased by 16% despite a 2% population lockdown.

Nobody is talking about surplus. We are talking about shipment handle, that's a net figure.

US have been importing around 6 million to 7 million shipment from China since 2019, the COVID lockdown and the lack of Freight from China result in US halving the import from that figure to around 3 millions in 2021

This being a YoY figure, it reflect, as the name suggested, year on year, and since US halved import from 2021 as the article suggested, if situation got back to normal, then the sheer import volume should be double on a YOY basis, that's only logically because the 6 to 7 millions shipment mark is the normal. But if this is only 12.9% not nearly 100%, which mean the import volume claw back around 1/10 of what it should have been, on the YoY basis

China may be increasing the export volume during the COVID lockdown, but those shipment are not making to the US. On the other hand, the graph I refer to on my post suggesting US importing more from Rest of the world than from China.

China’s roughly 1% growth in the share of U.S. imports over the past six years isn’t as large as Vietnam’s 14% increase or India’s 32% increase. But it still leads the U.S.’s next-largest importer (Vietnam) by 35 percentage points in terms of its claim on total U.S. imports.

Again, it's basic economy matey

 

[xuxu1457]

According to the latest data released by the General Administration of Customs of China on June 9, the total value of China's imports and exports in May was US$537.74 billion, an increase of 11.1%. Among them, the export was 308.25 billion US dollars, an increase of 16.9%; the import was 229.49 billion US dollars, an increase of 4.1%; the trade surplus was 78.76 billion US dollars, an increase of 82.3%.

only one month?

 

[jhungary]

Omg stop nagging, you were the one talking about surplus and then now you tell me you are not talking about surplus. Sheeshhh man.... Not making it to the US..... Okay bury your head in the sand. Lolol.

What does 300bil and 16% extra exports mean? It's volume and monetary increment genius, that's economics, you cannot change the fact. We are having hundreds of billion in surplus alone. You can't change the facts.

Can you show me how much volume is not reaching US and the value of those NOT reaching the US? Come on champion.

Where did I start talking about Surplus? This is my original post. Show me by underlining the word i use when I am talking about Surplus?

that mostly because US halved the import from China in 2021 from 6 million shipment to somewhere around 3.4 millions shipment.

Top U.S. Imports from China for 2021

Learn about the top imports from China to the USA, including top products by category, share of imports vs. other countries, and other stats.

www.junglescout.com

On the other hand, if it is really 12.9% of growth Post COVID, that mean the US import from the rest of the world is catching up.

View attachment 852885

Again, you are talking about YoY growth, which mean each year are looking at independently. Again, go back to what I said, US dropped import from China at the same period by almost halving the import value, and if China only claw back 12.9% YoY as of now, BASIC Mathematics would have told you, that China did not get back to the same level pre-2021. The "Increase" is because the volume was decreased in 2021 as this graph show you US import from China by value between 20-22

Value of U.S. monthly imports from China 2022 | Statista

This timeline shows the monthly value of the United States imports from China from March 2020 to March 2022.

www.statista.com

Another issue is inflation, the same goods you sell from China is not the same price between 2019 and 2022, the inflation rate is 8% itself in the US since 2019, considered the Chinese export in value only growth by 16.95 which mean that "Increase" in value mostly didn't come from the increase of item, but rather the increase of price. And that is basic economy.

Funny you bitch about inflation on the other post yet you didn't even mention it once here.......

 

[shi12jun]

only one month?

This is only the trade surplus of imports and exports for one month in May
According to the import and export data of goods released by the General Administration of Customs of China on June 9, from January to May 2022, the import and export of goods in mainland China continued to maintain a stable trend, with a total import and export value of US$2.51 trillion, an increase of 10.3%. Among them, the export was 1.40 trillion US dollars, an increase of 13.5%; the import was 1.11 trillion US dollars, an increase of 6.6%; the trade surplus was 290.457 billion US dollars, an increase of 50.8%

 

[Daniel808]

Numbers cannot lie

https://twitter.com/x/status/1535013733545697299

 

[jhungary]

Hey genius inflation rate is calculated from the prices sold to the US consumer not the prices bought by the US importer. Do you even understand economics? We might sell to the US at a dollar, but they might sell it at 2$ based on logistics or whatever cost or over demand. The Chinese export value has nothing to do with US inflation, we are actually helping to lower it by increasing supply

Sure, it's just that the US retailer wanted to make 8% more profits and it have nothing to do with Base Price, Transportation Cost, Duty. Sure, Sure, Sure, all of the 8% is because of the US retailer greed am I right?

Just because you don't sell them (Who are "we"? you aren't Chinese by the way, you are a Singaporean) in US Dollar, does not mean "you" have no hand on US inflation.

Next please stop quoting and using daat from some amateur website and stop nagging, nobody has time to read through your shit. Get straight go the point.

Statista is NOT amateur website.

Your previous post was suggesting lower shipment to and from US is creating a surplus, but i am highlighting that it is not just surpluses, but also export value. What about transhipment cargo? Don't use blog sources again okay..

Again, where did I suggest that?

In case English is not your first language and you failed to understand what I wrote, what I suggest is that the "YoY" Increase is due to US did not import as much in 2020, so when you compare YoY, you will get more in 2021. This is not even a economy question, this is a simple maths and logics.


but sure, go ahead and pour your insult, that make you look big................NOT

 

[huanghong]

that mostly because US halved the import from China in 2021 from 6 million shipment to somewhere around 3.4 millions shipment.

Top U.S. Imports from China for 2021

Learn about the top imports from China to the USA, including top products by category, share of imports vs. other countries, and other stats.

www.junglescout.com

On the other hand, if it is really 12.9% of growth Post COVID, that mean the US import from the rest of the world is catching up.

View attachment 852885

May I ask if the 6 million shipments you are referring to is the annual total or the statistical value from January to June? Because according to your link, 3.4 millions shipment refers to the total for the first 6 months of 2021.

 

[huanghong]

Nobody is talking about surplus. We are talking about shipment handle, that's a net figure.

US have been importing around 6 million to 7 million shipment from China since 2019, the COVID lockdown and the lack of Freight from China result in US halving the import from that figure to around 3 millions in 2021

This being a YoY figure, it reflect, as the name suggested, year on year, and since US halved import from 2021 as the article suggested, if situation got back to normal, then the sheer import volume should be double on a YOY basis, that's only logically because the 6 to 7 millions shipment mark is the normal. But if this is only 12.9% not nearly 100%, which mean the import volume claw back around 1/10 of what it should have been, on the YoY basis

China may be increasing the export volume during the COVID lockdown, but those shipment are not making to the US. On the other hand, the graph I refer to on my post suggesting US importing more from Rest of the world than from China.



Again, it's basic economy matey

I don't think what you're saying is logical. According to the link you gave, the import volume in the first six months of 2021 has reached 3.4 million. Do you mean that the US will import zero to China in the second half of 2021? Otherwise, I can't understand how you got the import volume in 2021 to be around 3 million? Can you tell me about your calculation logic? ?

Top U.S. Imports from China for 2021

Learn about the top imports from China to the USA, including top products by category, share of imports vs. other countries, and other stats.

www.junglescout.com