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Imports rose 17.6% in September, missing expectations

October 4, 2021, aerial photograph of Taicang Port Container Terminal, Suzhou City, Jiangsu Province, China.

Finn | Barcroft Media | Getty Images

Beijing-China reported disappointing growth in imports in September, but exports were better than expected, according to data released Wednesday by Customs.

US dollar-based imports increased 17.6% from a year ago to $ 240 billion. This is less than 20% estimated by analysts polled by Reuters.

China’s US dollar-based exports rose 28.1% year-on-year to $ 30.574 billion in September, outpacing the 21% growth expected in Reuters polls.

China’s trade surplus with the United States has increased to $ 42 billion. This is because exports surged about 30% from a year ago and imports rose just under 17%. The United States remained China’s largest trading partner on a single-country basis.

China’s imports from Australia in September were $ 15.04 billion, up about 50% year-on-year, and exports were about $ 6 billion, up about 24% year-on-year.

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Imports rose 17.6% in September, missing expectations

Source link Imports rose 17.6% in September, missing expectations

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