China’s Trade Balance for September, in Chinese Yuan (CNY) terms, came in at CNY582.62 billion, narrowing from the previous figure of CNY649.34 billion.
Exports rose 1.6% YoY in September vs. 8.4% in August. The country’s imports arrived at +0.7% YoY in the same period vs. 0% booked previously.
In US Dollar (USD) terms, China’s trade surplus widened in September.
Trade Balance came in at +81.7B versus +89.8B expected and +91.02B previous.
Exports (YoY): 2.4% vs. 6.0% expected and 8.7% previous.
Imports (YoY): 0.3% vs. 0.9% expected and 0.5% last.
Additional takeaways
China Jan-September CNY-denominated Exports +6.2% YoY.
China Jan-September CNY-denominated Imports +4.1% YoY.
China Jan-September Trade Surplus with the US arrived at +257.87$B.
China September Trade Surplus with the US was $33.33B vs. $33.81B in August.
FX implications
AUD/USD keeps the red below 0.6750 after China’s trade data. The pair is down 0.27% on the day, trading at 0.6728, at the time of writing.
(This story was corrected on October 14 at 09:25 GMT to say that China’s Trade Balance for September in CNY terms narrowed in September, not expanded.)
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