Friday, November 9, 2012

[Ship Building] Chinese ship export falling

Chinese ship export falling

China's ship trading turns out to keep declining by the first nine months of this year.

According to the General Administration of Customs of China, during the first three quarters of 2012, China's total value of ship trading decreased by 5.3% year-on-year to $31.82bn.

Total amount of ship export dropped by 5.6% y-o-y to $30.27bn, while that of ship import increased by 5.1% to $1.55bn.

Local sources forecast that China's downward trend of ship trading would continue by the end of this year.

In September alone, total amount of ship export rose to $3.08bn, up by $170m against previous month but down by 19.6% on the same month of 2011.

During the same month, the amount of ship import remained at $170m, increased by $58m month-on-month and declined by 0.5% year-on-year.



Published : November 8, 2012


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