Bruno Corpet (Quoique) / Wikimedia Commons / CC BY-SA 3.0
BEIJING – China’s goods exports rose 35.2% from a year earlier in October to $412.3 billion, while imports increased 41.6% to $307.1 billion, according to dollar-denominated customs tables published Tuesday.
Total goods trade for the month reached $719.4 billion, up 37.9% year over year. The export and import figures imply a calculated trade surplus of approximately $105.3 billion for October.
The General Administration of Customs’ trade-mode table, dated November 10, gives values in millions of U.S. dollars: exports of $412,330.3 million, imports of $307,053.0 million and combined trade of $719,383.3 million. Its country and region table reports the same monthly totals.
Those figures cover October alone, rather than the cumulative January-through-October period. The surplus calculation subtracts imports from exports using the detailed monthly values in the customs tables.
On the separate yuan-denominated measure, customs reported October trade of approximately 4.868 trillion yuan, up 31.2% year over year. Exports were approximately 2.791 trillion yuan, up 28.7%, and imports were approximately 2.078 trillion yuan, up 34.7%.
The growth rates in the yuan summary table are distinct from the dollar-denominated rates and should not be used interchangeably. The monthly dollar figures show growth in both exports and imports, with imports rising faster in percentage terms.
The October monthly figures add detail to the previously reported January-through-October customs figures. They do not replace that separate year-to-date comparison.
JBizNews Desk | Beijing
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