According to news released on CLIA’s website, in the first ten months the total export of leather industry in China increased by 23.5% year on year to 88.52 billion US dollars that accounting for 2.96% of the total export of the country. In the Context: Exports from China edged 0.3% lower yoy to USD 298.37 billion in October 2022, missing market consensus of a 4.3% growth.
In term of import the value was seen decline of 11.2% year on year to US $14.52 billion, the industry achieved 33.8% of the trade surplus to US $74.10 billion that accounts for 10.17% of the country's total trade surplus.
In the Context
Exports from China edged 0.3% lower yoy to USD 298.37 billion in October 2022, missing market consensus of a 4.3% growth. This was the first decline in shipments since May 2020, amid poor overseas demand as cost pressures grew globally and supply disruptions lingered
