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

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam