Chinese imports rise in October while exports fall for 6th straight month
China has reported that its imports rose in October while exports fell for a sixth straight month compared with a year earlier
By AP News
Published - Nov 07, 2023, 12:54 AM ET
Last Updated - Nov 07, 2023, 12:57 AM EST
BEIJING (AP) — China's imports rose in October while exports fell for a sixth straight month compared with a year earlier, though that was partly due to lower export prices.
Customs data released Tuesday showed imports climbed 3% from a year earlier to $218.3 billion, while exports fell 6.4% to $274.8 billion. The trade surplus of $56.5 billion was down more than 30% from $77.7 billion in September.
Exports had fallen 6.2% year-on-year in September.
Overall, China’s foreign trade has remained sluggish this year as global demand has slackened and a recovery has stalled despite the country’s reopening after its strict COVID-19 controls were lifted late last year.
