China's exports surge 36.3% y/y in September, imports up 31%
Robust demand for semiconductors and autos drove the gain, while weak domestic spending kept policymakers reliant on exports for growth.
- China's exports soared 36.3% in September from a year earlier, exceeding expectations and outstripping August's 25.0% rise, according to customs data released Wednesday.
- High-Tech goods including semiconductors and autos fueled this rising shipment volume, as global demand for infrastructure construction remains robust and shows little sign of slowing.
- That surge resulted in a $133.5 billion trade surplus for China last month, widening from $119.1 billion in August and bringing the nine-month total to $938.11 billion.
- President Jinping's September summit with President Donald Trump in Washington secured an extension to their tariff truce, including an agreement to cut tariffs on $30 billion worth of goods.
- Despite a recent European Union deal limiting hybrid vehicle exports announced earlier this month, policymakers remain on course for China's 4.5% to 5% annual GDP growth target given strong export momentum.
113 Articles
113 Articles
China’s trade surplus nears record as pressure mounts from trading partners
HONG KONG (AP) — China’s exports surged 36.3% in September from a year earlier, its customs agency said Wednesday, putting the country on track to surpass last year's record trade surplus even as pressure mounts from trading partners, including the…
China's exports rose surprisingly in September. The People's Republic's trade surplus is approaching a record level, with semiconductors and cars in particular driving growth.
According to data from the Chinese Customs Administration, exports increased by 36.3 percent year-on-year, which is significantly higher than the forecasts of Western analysts.
The Far Eastern Giant Has Reached a Peak Not Seen in Years: the Trade Surplus Is Growing Unstoppably
China's economic data for September showed a mixed picture. While producer prices rose at a pace not seen since 2022, consumer inflation remained subdued. Meanwhile, exports continued to strengthen, and the foreign trade surplus reached a 20-month high, ING Bank wrote.
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