China's exports surge 36.3% y/y in September, imports up 31%
Robust overseas demand and AI-related shipments helped push the monthly surplus to $133.5 billion, while imports rose 31%, customs data showed.
- 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.
55 Articles
55 Articles
China ' s exports rose by a maximum of 36.3 per cent annually in September, to $447.18 billion, according to the General Customs Administration.
Chinese exports surge 36.3 pct in September
China's exports surged 36.3 percent in September from a year earlier, new data showed on Wednesday, putting the nation on track to exceed last year's record trade surplus. The new data from the General Administration of Customs exceeded expectations, and easily outstripped the 25-percent growth in August. High-tech goods such as semiconductors and autos have helped fuel rising shipments overseas. September's growth was the fastest since February…
Chinese exports grew by 36.3% in September, while imports increased by 31%, driving the trade surplus to record figures.External trade stands out as an economic pillar in the face of weak domestic demand, with an accumulated surplus that could break historical marks.
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