China’s Trade Surplus Widens to 12-Month High in October

In October of 2013, Chinese trade surplus increased to 31.1 billion USD, the highest surplus since October of 2012, as exports surged by a stronger-than-expected 5.6 percent.

Exports rose 5.6 percent over a year earlier to 185.4 billion USD, after the 0.3 percent drop a month earlier. 

Shipments to the EU rose 12.7 percent year-on-year, while those to the US grew 8.1 percent. Sales to South Korea increased by an annual 7.3 percent.

Imports also improved in October and reached 154.3 billion USD, up by 7.6 percent over a year earlier. In September, imports recorded an annual 7.4 percent growth rate. 

In the first 10 months of 2013, China's total trade reached 3.4 trillion USD, up by 7.6 percent over a year earlier, but below the government’s target of 8 percent.

The Customs Administration | Joana Taborda |
11/8/2013 9:33:33 AM