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.


US Election Preview and Charts (Video)

Another U-Turn

USD Surges Ahead of US Presidential Election

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.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.
Craig Erlam

Latest posts by Craig Erlam (see all)