Exports from China surged 25.6 percent year-on-year to a record USD 294.32 billion in August 2021, far above market estimates of 17.1 percent and accelerating from a 19.3 percent rise in July. It this was the 14th straight month of growth in outbound shipments, as high commodity prices and solid foreign demand specially from the US and Europe offset local COVID-19 outbreak, and port congestion. Exports to the US grew 15.52 percent year-on-year to USD 51.72 billion, accelerating from July’s 13.4 percent growth. Meanwhile, exports to the ASEAN countries rose by 16.59 percent from a year earlier.The top three exports were electronics, high-tech products, and clothing and clothing accessories.
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