The trade surplus with the US, China's largest export market, came in at USD 26.6 billion after hitting a record high of USD 28.1 billion in September, as exports to the country rose 8.3 percent to USD 37.8 billion while imports grew 4.3 percent to USD 11.1 billion. Also, the trade surplus with the EU was USD 11.3 billion, with exports rising by 11.4 percent and imports by 25.3 percent; and that with ASEAN countries was USD 3.7 billion, as exports advanced 10.1 percent and imports 20.6 percent. Meanwhile, the biggest trade deficit was recorded with Taiwan (USD 10.4 billion, with exports increasing 6.5 percent and imports 13 percent), followed by South Korea (USD 7.0 billion, with exports increasing 4.8 percent and imports 16.9 percent), Australia (USD 4.2 billion, with exports increasing 14.8 percent and imports 24.6 percent) and Japan (USD 2.0 billion, with exports increasing 5.7 and imports 13.4 percent).
Considering January to October 2017, the trade surplus came in at USD 340.02 billion, down from a USD 427.42 billion surplus in the same period the preceding year. China's January-October trade surplus with the US was USD 222.98 billion.
In yuan-denominated terms, exports increased by 6.1 percent from a year earlier in October, following a 9 percent rise in September. Inbound shipments rose 15.9 percent, after growing 19.5 percent in the prior month.