China’s Imports and Exports Increase

China’s exports rose 5.6 percent in October from a year earlier while imports advanced 7.6 percent, resulting in a $31.1 billion trade surplus, the General Administration of Customs said today in Beijing.

Shipments abroad compared with the median estimate for a 1.7 percent increase in a Bloomberg News survey of 44 analysts and September’s unexpected 0.3 percent drop. Forecasts ranged from a decline of 2.2 percent to growth of 8 percent.

The increase in imports compares with the median estimate for a 7.4 percent gain and a 7.4 percent increase in September. Economist projections ranged from growth of 4.5 percent to 11.5 percent.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.