Exports of China increased 27.1% in October, compared to the same period in 2020, below the annual growth of 28.1% registered in September, reported this Sunday (7) the General Administration of Customs in the Asian country. The result, however, surpassed the forecast increase of 22.6%, which signals that global demand for Chinese products remained robust.
As imports, in turn, grew 20.6% last month, year-on-year, above the 17.6% increase in September, but below the 27.5% advance expected by economists consulted by the Wall Street Journal.
As a result, the Asian country’s trade surplus reached a record US$ 84.54 billion in October, against US$ 66.76 billion in September and well above the US$ 62.74 billion forecast by economists.
Thanks to strong global demand, the exports from China have repeatedly exceeded market expectations since last year’s economic recovery.
The better-than-expected trade data, however, should be one of the few positives for the Chinese economy over the past month, as other pillars of growth, including industrial production and consumption, may have slowed further.
Fonte: Dow Jones Newswires
Reference: CNN Brasil
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