China's exports surge 36.3% in September on trade pressure

Summarised from 2 outlets · Updated 14 Oct, 05:02 · Archive

China's exports surged 36.3% in September, bringing its nine-month trade surplus to $938 billion.

China's exports surged 36.3% in September from a year earlier, its customs agency said Wednesday, accelerating from 25% growth in August. The figure exceeded economists' expectations. High-tech goods such as semiconductors and autos have helped fuel the rising shipments overseas. Imports climbed 31% in September year-on-year, also accelerating from August's 28.2% rise.

This resulted in a $133.5 billion trade surplus for China in September alone, widening from $119.1 billion in August. For the first nine months of the year, China's trade surplus reached $938 billion, with expectations growing that it could surpass last year's full-year record of $1.2 trillion.

Strong exports have helped drive China's overall economic growth this year, at a time when domestic consumption and investment remained sluggish, weighed on by a yearslong real estate sector downturn. However, the export surge faces mounting challenges. Ecaterina Bigos, a senior market strategist at BNP Paribas Asset Management, said: 'While U.S.-China trade tensions have eased somewhat, the EU's push to rebalance directly targets high-value exports.'

How it is being reported

• China’s exports surge 36.3% in September as pressure ramps up to rebalance tradeChina’s customs agency says the country's exports surged 36.3% in September from a year earlier.Clickorlando · 14 Oct, 04:09
• China’s trade surplus hits $938 billion for Jan-Sep as pressure ramps up to rebalance tradeChina’s customs agency says the country's exports surged 36.3% in September from a year earlier.News4Jax · 14 Oct, 04:09

In this story: China · European Union · BNP Paribas Asset Management · Ecaterina Bigos

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