China Trade Surplus Widens in September

China trade surplus increased to USD 31.0 billion in September of 2014 from USD 15.2 billion a year earlier, as exports grew more than expected while imports rebounded.

Year-on-year, exports rose 15.3 percent in September of 2014 to USD 213.6 billion, accelerating from a 9.3 percent increase in the previous month. Sales to the United States rose 10.8 percent, slowing for the second consecutive month. Shipments to the European Union increased at a faster 14.9 percent and those to the ASEAN countries advanced 13.8 percent. In contrast, sales to Japan fell for the second straight time by 5.3 percent.

Imports rose 7.0 percent year-on-year to USD 182.7 billion in September, recovering from a 2.4 percent fall in August. Purchases from the United States rose 12.6 percent, following a 3.1 percent drop in August. Imports from the European Union rose 9.1 percent, those from the ASEAN countries and South Korea jumped 26.2 percent and 27.8 percent, respectively while purchases from Japan increased 4.4 percent.

From January to September of 2014, China registered a total trade surplus of USD 231.6 billion, up 37.8 percent year-on-year. Imports of iron ore rose 16.5 percent, copper purchases increased 10.5 percent and crude oil imports increased 8.3 percent. Soybean imports rose 15.3 percent.

China Trade Surplus Widens in September

General Administration of Customs l Rida l
10/13/2014 11:42:53 AM