China’s exports fell more than expected again in October, with a 7% drop in the dollar value of exports vs. 6% expected by economists. The surprise comes as the yuan was 7% weaker than a year earlier, which should have boosted orders. The mix of high- vs. low-value exports may be one issue – Panjiva data shows seaborne shipments to the U.S. actually increased 14% vs. a dollar value down 6%. A weaker picture for high value electronics is also shown by Japanese exports down 10%. The outlook isn’t much brighter, with Chinese export managers’ expectations for orders recently moving to negati...
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