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: 2024.11.07
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China's Trade Balance: Surplus widens in October as Exports rebound firmly
World FX news
Breaking news
China's Trade Balance: Surplus widens in October as Exports rebound firmly
New
2024.11.07 12:31
2024.11.07 12:31
2024.11.07 12:31
China's Trade Balance for October, in Chinese Yuan (CNY) terms, came in at CNY679.1 billion, expanding from the previous figure of CNY582.62 billion.
Exports jumped by 11.2% YoY in October vs. 1.6% in September. The country's imports dropped by 3.7% YoY in the same period vs. +0.7% registered previously.
In US Dollar (USD) terms, China's trade surplus shrank in October.
Trade Balance came in at +95.27B versus +75.1B expected and +81.71B previous.
Exports (YoY): 12.7% vs. 5.0% expected and 2.4% previous.
Imports (YoY): -2.3% vs. -1.5% expected and 0.3% last.
Additional takeaways
China Jan-October CNY-denominated Exports +6.7% YoY.
China Jan-October CNY-denominated Imports +3.2% YoY.
China Jan-October CNY -denominated Trade Balance +5.58 trillion.
Last updated
: 2024.11.07
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