China’s Sept Trade Balance: Surplus expands amid surging exports, both beat estimates

China's Trade Balance for September, in Yuan terms, came in at CNY433.19 billion versus CNY386.13 billion expected and CNY376.31 billion last.

The exports rose by 19.9% last month vs. 17.1% expected and 15.7% previous.

Imports increased by 10.1% vs. 22.3% expected and 23.1% prior.

In USD terms,

China reported a bigger-than-expected growth in the trade surplus, as both imports and exports bettered expectations

Trade Balance came in at +66.76B versus +47.6B expected and +58.34B previous.

Exports (YoY): +28.1% vs. +21.5% exp. and +25.6% prior.

Imports (YoY): +17.6% vs. +19.2% exp. and +33.1% last.