Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China’s ship exports in August declined by 16.2pc from the prior August to 399 units, according to the data released by the General Administration of Customs. In Jan-Aug, the country exported 3,208 ships, a decline of 23.1pc from the prior-year period.


Of the total exported ships in August, six were tankers, a decline of 53.8pc from the year prior. In Jan-Aug, China exported 57 tanker ships, a fall of 44.7pc from the Jan-Aug 2019 period. Four container ships were exported in August and 25 in the Jan-Aug period, a decline of 20pc and 45.7pc, respectively.


Bulk carriers exported in August fell by 27.3pc to 16 units from Aug 2019, and by 28.9pc to 174 units in Jan-Aug 2020, compared to the prior-year period.


Earlier this year, China became the first country to report the COVID-19 outbreak, which hampered its economic activities. The pandemic soon gripped the world affecting exports. With trade activities in most countries on the mend, exports could pick up in the coming months.

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