MNI BRIEF: China's Sep Exports +8.3%, Imports +7.4%

China's exports increased 8.3% y/y in September, while imports rose 7.4%, data released by China Customs showed on Monday.

Exports in September rose 8.3% y/y to USD 328.6 billion, accelerating from 4.4% in August and exceeding expectations for 6.5% growth. Imports climbed 7.4% y/y, up sharply from 1.3% in August and well above the 1.8% market consensus.

China’s trade surplus in September hit USD90.45 billion, smaller than the consensus of USD98.2 billion, taking Jan-Sep’s final surplus to USD875.1 billion. 

Exports to the U.S. fell 16.9% y/y from January to September, while imports declined 11.6%. Exports to the EU rose 8.2% over the same period, with imports down 3.2%.