China trade data disappoints in Sept (USD terms)

China customs published their latest report on the Chinese trade, showing that the country’s trade surplus missed expectations, while both exports and imports came in much weaker-than expectations in USD terms as well.

Key Details USD terms:

China Trade Balance (Sept): USD 41.99 Bln (exp USD 53 Bln prev USD 52.05 Bln)

China Exports USD (YoY) Sept: -10% (exp -3.3%, prev -2.8%)

China Imports USD (YoY) Sept: -1.9% (exp +0.6% prev +1.5%)