China's exports surge 36.3% y/y in September, imports up 31%
High-tech goods and autos helped drive the surge, while the trade gap reached $133.5 billion and could top last year’s record, analysts said.
- 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.
140 Articles
140 Articles
China is on track to surpass the $1 trillion annual trade surplus mark for the first time, after exports in September rose 36.3 percent from a year earlier. Imports also rose sharply, up 31 percent, according to Chinese customs data. The country's trade surplus in September rose to $133.5 billion from $119.1 billion in August. It stood at $938.1 billion in the January-September period, putting China on track to surpass a record $1.2 trillion by …
China's exports significantly exceeded estimates in September, bringing the country closer to an annual trade surplus of $1,000 billion. According to official data, deliveries to foreign markets increased by 36.3% compared to the same period last year, marking the fastest growth rate in February.
China’s Sept. Exports Surge 36% Amid AI Boom, Auto Export Rush
China’s Sept. Exports Surge 36.3% Amid AI Boom, Auto Export Rush - September trade growth beat forecasts as AI-related shipments soared and automakers appeared to accelerate deliveries to Europe ahead of expected restrictions
China's trade surplus nears record as pressure mounts from trading partners
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 European Union, to rebalance trade.
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