Business & Economy

China’s foreign trade up by 10 percent in September

Beijing, Oct 13 (efe-epa).- China’s foreign trade grew by 10 percent year-on-year in September, according to official data published Tuesday.

Meanwhile, imports rose by 11.6 percent, the largest increase since December 2019, amid the impact of the coronavirus pandemic on Chinese and global economies.

China’s exchanges with the rest of the world in the ninth month of 2020 rose to 3.07 trillion yuan ($453.87 billion), the General Administration of Customs said.

This growth contrasts with the 3.3 percent decrease that the indicator recorded in the same month of 2019.

China’s exports in yuan terms increased by 8.7 percent in September, and imports grew at 11.6 percent.

The country’s trade surplus was 257.68 billion yuan, 6.4 percent lower than that registered in September 2019.

Trade with the United States, with which China has been locked in a trade dispute since March 2018, increased by 20.2 percent year-on-year last month, with exports jumping by 19.4 percent and imports by 23 percent.

China’s foreign trade in the first nine months of the year reached 23.12 trillion yuan.

During this period, exports rose by 1.8 percent while imports declined by 0.6 percent.

The country’s trade surplus until September was 2.31 trillion yuan, 12.7 percent more than in the first nine months of 2019. EFE-EPA


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