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China Sept exports rise 8.1 pct y/y, imports up 18.7 pct

13 October 2017

China's goods trade volume rose 16.6 percent to 20.29 trillion yuan (3.08 trillion US dollars) in the first three quarters of this year, official data showed Friday.

China's August trade balance was $41.99 billion, data from the General Administration of Customs showed.

While exports are contributing to China's economic growth once again, global investors have been more focused on its strong appetite for industrial commodities such as iron ore and coal, which is boosting resources prices worldwide.

Given a weak first half of the year and expectations of lower demand during the winter months, that keeps the unwrought copper imports for this year on track to fall short of the record 4.94 million tonnes of annual imports in 2016.

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Trade with traditional markets witnessed a full recovery, with exports to the European Union, the United States and Japan up by 16.4 percent, 18.7 percent and 14.9 percent, respectively.

The trade surplus totaled USD28.47 billion in September versus the expected surplus of USD38.0 billion.

China's imports from North Korea fell 37.9 percent in September from a year earlier, marking the 7th consecutive month of decline, the customs office said on Friday.