Chinese Exports Fall More Than Expected in October

China’s October exports fell 7.3 percent on-year on a dollar-denominated basis, improving from September’s 10 percent on-year plunge, Reuters reported on Tuesday, citing official data.

Imports meanwhile declined 1.4 percent, following the previous month’s 1.9 percent drop. That brought the October trade surplus to $49.06 billion, versus September’s $41.99 billion.

Reuters had predicted a 6 percent tumble for exports, a 1 percent slide for imports and a $51.70 billion trade surplus.

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.