China trade surplus with the U.S. rises to monthly record in September
- Imports in U.S. dollar terms rose 17.6% last month from a year ago to $240 billion. That’s less than the 20% estimated by analysts polled by Reuters.
- China’s trade surplus with the U.S. rose to a monthly record of $42 billion — exports surged by about 30% from a year ago, while imports climbed by just under 17%. The U.S. remained China’s largest trade partner on a single-country basis.
- Chinese imports of coal and natural gas surged, while that of soybeans and crude oil fell.
- China’s exports in U.S. dollar terms surged 28.1% year-on-year in September to $305.74 billion, beating the 21% growth figure expected by the Reuters poll.
China’s imports of coal and related products surged 76% from a year ago in September to 32.9 million tons — the highest monthly level since December. The value of those coal imports more than tripled year-on-year to $3.91 billion.
China trade surplus with the U.S. rises to monthly record in September
China reported disappointing growth in imports in September, while exports beat expectations, according to data released Wednesday by the customs agency.
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