China’s exports rose 11.6% y/y and reached U.S.$206.87bn in October, according to the customs data released by the General Administration of Customs (GAC) on Saturday.
The October growth rate has decelerated compared to September’s 15.3%, which was the highest reading within the past in 19 months.
Imports in October were at U.S.$161.46bn, up 4.6%, the GAC reported.
Total exports and imports rose 8.4% to U.S.$368.33bn in the month, as trade surplus expanded to U.S.$45.41bn, up 46.3%.
“Imports and exports in October have both extended a growth trend from the previous month,” the GAC said in a press release.
During the period of January – October this year, China’s total exports and imports hit U.S.$3.53tr, up 3.8%. Trade surplus during the period was at U.S.$277.11bn, up 38.5% y/y.
The GAC said that exports including machinery, garments, textiles, shoes, toys, plastics rose ↑ during the first 10 months, while exports of electronic products, home furniture and vehicles fell ↓.
Source: General Administration of Customs (GAC), Xinhua
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