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China’s Trade Balance: Surplus shrinks in September on big exports slump

FXStreetOct 14, 2024 9:12 AM

China's Trade Balance for September, in Chinese Yuan (CNY) terms, came in at CNY582.62 billion, expanding from the previous figure of CNY649.34 billion.

Exports rose 1.6% YoY in September vs. 8.4% in August. The country’s imports arrived at +0.7% YoY in the same period vs. 0% booked previously.

In US Dollar (USD) terms, China’s trade surplus widened in September.

Trade Balance came in at +81.7B versus +89.8B expected and +91.02B previous.

Exports (YoY): 2.4% vs. 6.0% expected and 8.7% previous.

Imports (YoY): 0.3% vs. 0.9% expected and 0.5% last.

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