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Trading news
14 Oct 2024
China’s Trade Balance: Surplus shrinks in September on big exports slump
China's Trade Balance for September, in Chinese Yuan (CNY) terms, came in at CNY582.62 billion, expanding from the previous figure of CNY649.34 billion.
Exports rose 1.6% YoY in September vs. 8.4% in August. The country’s imports arrived at +0.7% YoY in the same period vs. 0% booked previously.
In US Dollar (USD) terms, China’s trade surplus widened in September.
Trade Balance came in at +81.7B versus +89.8B expected and +91.02B previous.
Exports (YoY): 2.4% vs. 6.0% expected and 8.7% previous.
Imports (YoY): 0.3% vs. 0.9% expected and 0.5% last.