China's trade data for October shows a jump in exports
Richard Drury
China's trade surplus jumped to $95.27B in October 2024 from $56.13B in the same period a year earlier, surpassing expectations of $75.1B.
It was the largest trade surplus since June, mainly due to a jump in exports.
Exports from China surged by 12.7% Y/Y in October 2024 to a 27-month high of $309.06B, much faster than the forecasted 5% and up from a five-month low of 2.4% growth in September.
Imports to China shrank 2.3% Y/Y to a four-month low of $213.3B in October 2024, compared with market estimates of a 1.5% fall and after a 0.3% growth in the prior month.
China-based tickers to follow: ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE).
Currencies (USD:CNY) (CNY:USD)
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