Free Trial

MNI BRIEF: China's Exports Increase 5.7% Y/Y in Sept

MNI (Singapore)
MNI (Beijing)

China's exports slowed to a 5.7% y/y pace in September from 7.1% y/y in August, helping deliver a 12.5% y/y increase in exports during the first nine months of the year, China Customs data showed on Monday.

Imports rose 0.3% in September, the same pace as August, reflecting a high base effect, lower commodity prices and constrained shipping markets. Exports in the first nine months reached USD2.70 trillion, while imports amounted to USD2.05 trillion. The trade surplus over the first three quarters of the year was USD645.15 billion, with September contributing USD84.75 billion.

The United States ranked as the biggest buyer, with imports from China up 8.9.y/y in the Jan-Sep period. The European Union placed second, with a 16.9% gain. Imports from the US increased 0.5% in the first nine months, and those from the EU fell 6.4%.

True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.