Market news
14.10.2019, 06:01

China's exports fall more than expected in September

China's exports declined more than expected in September reflecting weak global growth and trade disputes with the US administration.

In dollar terms, exports fell 3.2% year-on-year in September, data from the General Administration of Customs showed. This was bigger than the expected 3 percent decrease and prior month's 1% fall.

At the same time, imports decreased 8.5% annually versus the expected decline of 6%.

As a result, the trade surplus increased to $39.65 billion from $34.83 billion a month ago. The expected level was $33.33 billion.

In yuan terms, exports and imports dropped 0.7% and 6.2%, respectively in September.

Data came after the US and China reached a "phase one" trade deal last week. The US agreed to hold off on tariff hikes planned for this week.

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