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  HOME | Business & Economy (Click here for more)

China’s Exports Grow 20.1% in October

BEIJING – China’s exports grew 20.1% year-on-year in October while imports jumped 26.3% in the same period, according to data released on Thursday.

In October, China’s trade surplus stood at 233.63 billion yuan ($33.7 billion) while imports worth 213.23 billion yuan were registered.

The General Administration of Customs said the October growth rate surpassed predictions amid concerns about a possible impact of ongoing disputes between China and the United States.

Exports worth 1.49 trillion yuan were registered during the month, a 3.7% drop compared to September.

Imports stood at 1.2 trillion yuan, a 6% decline compared to the previous month.

Trade with the European Union, China’s biggest trading partner, climbed 8.4% year-on-year to 388.71 billion yuan.

During the same period, trade with the US, the country’s second biggest partner, reached 368.23 billion yuan, a 7.4% jump year-on-year.

Between January and October, China’s total foreign trade stood at 25.05 trillion yuan, an 11.3% growth compared to the same period last year.

 

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