Syz the moment

Source: FT

Is Kyrgyzstan suddenly in a massive boom or are these vehicles and parts just transiting through Kyrgyzstan? Source: Robin Brooks

China’s customs agency said exports in U.S. dollar terms fell by 6.4% in October from a year ago. That’s worse than the 3.3% drop predicted by a Reuters poll. Overall, China’s exports have fallen on a year-on-year basis every month this year starting in May. The last positive print for imports on a year-on-year basis was in September last year. China’s exports to Southeast Asia and the European Union fell by double digits in October, according to CNBC calculations of official data. Exports to the U.S. dropped by more than 8%, the analysis showed. Imports rose by 3% in U.S. dollar terms in October from a year ago. That’s in contrast to the Reuters’ forecast for a 4.8% drop from a year ago. However, China’s imports from the U.S. were down by 3.7% in October versus the year ago period, CNBC calculations of customs data showed. China’s imports from the European Union rose by more than 5%, while those from the Association of Southeast Asian Nations grew by 10.2%, the analysis showed. Source: CNBC

A lot of these goods - mostly cars and car parts - never ends up in Kyrgyzstan, but go directly or indirectly to Russia"

Source: Barchart, Bloomberg

Source: Barchart

Value of these exports is small, but this is just one of many examples showing how hard it is to police export controls on western goods to Russia. Source: Robin Brooks