Economy

May Chinese Trade Data: Imports Down and Exports Up Over April

July 7, 2014

Chinese steel trade data for May 2014 was released late last week, providing updated data on iron ore imports, steel scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in May were 77,382,000 metric tons, a decrease of 7.2 percent from the previous month but an increase of 12.9 percent from May 2013. Total iron ore imports for 2014 were adjusted to 383,000,000 tons.

May imports of steel scrap were 227,000 tons, down 1.3 percent from April but up 3.2 percent from the same month one year ago. 2014 total levels for steel scrap imports were adjusted to 1,016,000 tons.

Flat rolled imports in April were 1,014,000 tons, a 6.1 percent decrease from the previous month and a 7.8 percent decrease over May 2013 figures. Total 2014 imports were adjusted to 5,113,000 tons. Chinese exports of flat rolled steel were 3,815,000 tons for May, up 5.4 percent from April and up 71.1 percent from May 2013. Total flat rolled exports for 2014 are at an adjusted 16,068,000 tons. (Source: China Customs Service)

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{amchart id=”127″ Chinese Trade Data- China Iron Ore, Scrap, Flat Rolled Imports and Exports}