China's trade surplus tops $1 trillion as October exports jump 35.2% y/y
FXI•China’s exports rose 35.2% year on year in October, and its trade surplus topped $1 trillion for a second straight year. Imports grew 41.6%.
1. Exports and surplus
China’s exports rose 35.2% in October from a year earlier in US dollar terms, extending a boom in AI-related shipments and lifting the trade surplus above $1 trillion for a second straight year, customs data showed.
2. Imports also accelerate
Exports beat economists’ forecast of 33.5%, after rising 36.3% in September. Imports grew 41.6%, above a 32% forecast and accelerating from 31% growth in September.
