China’s September Trade Surplus Surges to $133.53 Billion, Beating Estimates
- China’s September trade surplus reached $133.53 billion, exceeding expectations of $118.10 billion and August’s $119.09 billion.
- China’s Q3 exports exceeded 8 trillion yuan for the first time, rising 22% year-on-year. Customs officials said export fundamentals remain unchanged heading into Q4.
- September crude oil imports fell to 37.096 million tonnes from 37.928 million tonnes in August, potentially weighing on global oil demand.
- Coal and lignite imports rose to 43.369 million tonnes from 42.092 million tonnes, while natural gas imports increased to 10.863 million tonnes from 10.327 million tonnes.
- In the first nine months, integrated circuit imports rose 56.6% and storage-component imports increased 1.5-fold, reflecting demand for advanced manufacturing inputs.
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- China’s September trade surplus reached $133.53 billion, exceeding expectations of $118.10 billion and August’s $119.09 billion.
- China’s Q3 exports exceeded 8 trillion yuan for the first time, rising 22% year-on-year. Customs officials said export fundamentals remain unchanged heading into Q4.
- September crude oil imports fell to 37.096 million tonnes from 37.928 million tonnes in August, potentially weighing on global oil demand.
- Coal and lignite imports rose to 43.369 million tonnes from 42.092 million tonnes, while natural gas imports increased to 10.863 million tonnes from 10.327 million tonnes.
- In the first nine months, integrated circuit imports rose 56.6% and storage-component imports increased 1.5-fold, reflecting demand for advanced manufacturing inputs.
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