China Trade Surplus Widens 46.5%

Chinese trade surplus increased to USD 45.4 billion in October of 2014 from a USD 31 billion surplus a year earlier. Exports rose more than expected driven by sales to the United States and Asia while imports slowed.

Exports rose 11.6 percent year-on-year in October of 2014 to USD 206.9 billion, following a 15.6 percent increase in the previous month. Sales to the United States advanced 10.9 percent (10.8 percent in September); exports to the ASEAN countries surged 18 percent and those to South Korea rose 13.8 percent. Shipments to the European Union slowed (4.1 percent from 14.9 percent in September) and those to Japan shrank at a faster 8.1 percent (-5.3 percent in the previous month).

Imports advanced 4.6 percent year-on-year to USD 161.5 percent in October, slowing from a 7 percent increase in September. Imports from South Korea (12.6 percent in October from 27.8 percent in September) and the United States (2.2 percent versus 12.6 percent) eased the most. In contrast, purchases from the European Union surged 10.4 percent (9.1 percent inthe previous month).

Joana Taborda |
11/8/2014 11:43:44 AM