China’s Trade Balance: Surplus widens in October as Exports rebound firmly

China's Trade Balance for October, in Chinese Yuan (CNY) terms, came in at CNY679.1 billion, expanding from the previous figure of CNY582.62 billion.

Exports jumped by 11.2% YoY in October vs. 1.6% in September. The country’s imports dropped by 3.7% YoY in the same period vs. +0.7% registered previously.

In US Dollar (USD) terms, China’s trade surplus shrank in October.

Trade Balance came in at +95.27B versus +75.1B expected and +81.71B previous.

Exports (YoY): 12.7% vs. 5.0% expected and 2.4% previous.

Imports (YoY): -2.3% vs. -1.5% expected and 0.3% last.

Additional takeaways

China Jan-October CNY-denominated Exports +6.7% YoY.

China Jan-October CNY-denominated Imports +3.2% YoY.

China Jan-October CNY -denominated Trade Balance +5.58 trillion.