Chinese Exports Fell Less Than Expected in September

China’s September exports fell 3.7 percent from a year earlier, less than analysts had expected, while imports fell by 20.4 percent, their 11th consecutive month of decline.

That left the country with a trade surplus of $60.34 billion for the month, the General Administration of Customs said on Tuesday, slightly higher than expected.

Analysts polled by Reuters had predicted exports would fall 6.3 percent after a drop of 5.5 percent in August.

Imports had been expected to drop 15 percent, following a 13.8 percent decline in August.

Combined exports and imports fell 8.1 percent in the first nine months of the year from the same period in 2014, well below the full-year official target for growth of 6 percent.

Via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza