Logo 08 Nov 2023

Exports down again, imports surprisingly up

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China’s customs bureau released the monthly trade data for October on Tuesday.
The headlines:

Exports fell 6.4% y/y in dollar terms in October, down from a 6.2% fall in September.
Imports grew by 3.0% y/y, versus a 6.3% fall last month.
The trade surplus shrunk to USD 56.5 billion, from a USD 77.8 ...