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MNI BRIEF: China Foreign Trade Grow Steady; Exports +4.3% YTD

MNI (BEIJING) - China's foreign trade saw steady growth in the first three quarters of 2024, with exports and imports volume exceeding CNY32 trillion yuan for the first time, according to data released by Customs on Monday.

Exports increased 2.4% in September, slowing from last 8.7% growth and 6.0% consensus while Imports rising by 0.3% y/y, following August's 0.5% increase and missing the 0.5% forecast. Imports increased 2.2% y/y over the Jan-Sep period, and exports increased 4.3%. China’s trade surplus in the first nine months hit USD689.5 billion, with September contributing USD81.71 billion.

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MNI (BEIJING) - China's foreign trade saw steady growth in the first three quarters of 2024, with exports and imports volume exceeding CNY32 trillion yuan for the first time, according to data released by Customs on Monday.

Exports increased 2.4% in September, slowing from last 8.7% growth and 6.0% consensus while Imports rising by 0.3% y/y, following August's 0.5% increase and missing the 0.5% forecast. Imports increased 2.2% y/y over the Jan-Sep period, and exports increased 4.3%. China’s trade surplus in the first nine months hit USD689.5 billion, with September contributing USD81.71 billion.

Keep reading...Show less