World trade: China's September foreign trade significantly exceeds expectations
China's export engine continues to run at high speed. In addition to exports, imports also rose sharply in September and exceeded expectations.
China's foreign trade exceeded expectations in September, with exports rising 36.3% and imports 31% compared to the same period last year. The country's trade surplus reached $938.11 billion in the first three quarters, putting it on track to surpass last year's record surplus of $1.2 trillion. China's exports to Germany increased by 31.4% in September, while imports from Germany rose only 0.1%.
The EU also saw a significant increase in Chinese exports, which rose 25.3%, while imports from the EU increased by 0.7%. The growth in exports was partly driven by the boom in artificial intelligence and demand for related components such as circuits and storage media.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
