Chinese exports 2014-15: Another USD300bn to make?

Chinese annual exports of goods are expected to rise by USD296 bn between 2013 and 2015. In 2015, Chinese exports will represent USD2529 bn, maintaining the country as the world leader in exports. The country will benefit from stronger demand in the US and Asia. Most of the gains will come from the electronic sector, textile and machinery industries.

This performance will be supported by a continuing rise in product quality thanks to efforts to boost innovation. This will be strengthened further by trade liberalization as authorities reduce trade barriers within China (regional integration) and external barriers with other economies (through Free trade zones and partnerships). The third driver will be the improvement in financing conditions with a pro-export monetary stance and further expansion of the RMB as an international currency.

In the near term, three brakes will impact Chinese exporters: rising RMB volatility, increased competition from South-East Asian countries and difficult payment terms of key partners.

Chinese exports 2014-15: Another USD300bn to make? - Report