Country sees foreign trade surplus of $84.5B last month, thanks to strong rise in exports
BEJING
China’s exports soared by 27.1% year-on-year to surpass $300 billion in October, according to data from the country’s customs authority.
Imports totaled at $215.7 billion in October, surging 20.6% from the same month of last year, the General Administration of Customs data showed on Sunday.
The country posted a foreign trade surplus of $84.5 billion in October versus $66.8 billion a month ago.
China’s foreign trade surplus with its top trading partner, the US, fell to $40.7 billion last month, down from $42 billion in September, while trade with the EU totaled $29.5 billion.
