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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%.


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