China September trade data shows exports ahead of expectations

Author: Eamonn Sheridan | Category: News

Exports with a solid performance, not so much for imports though. 

Yuan terms

China trade balance: CNY 433.19bn surplus

  • expected CNY 386bn, prior was CNY 376bn

Exports +19.9% y/y for a beat

  •  expected 17.1%, prior was 15.7%

Imports +10.1% y/y for a miss

  • expected 22.3%, prior was 23.1%

USD terms

China trade balance: $66.73bn

  • expected $47.6bn, prior was $58.3bn

Exports +28.1% y/y beat

  • expected 21.5%, prior 25.6%

Imports +17.6% y/y miss

  • expected 19.2%, prior was 33.1%
The trade surplus with the US is USD 280bn in the January - September months (ie YTD). This will be adding to the renewed urgency in the US to address the imbalance. .

The Chinese export increase, above expected and above the previous month, comes despite the power crunch issues in the country. All the more impressive. 

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose