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China’s Trade Balance: Surplus widens more than expected in September
China's Trade Balance for September, in Chinese Yuan terms, came in at CNY558.74 billion versus expectations of CNY510 billion and CNY488 billion previous. Exports dropped 0.6% YoY in September vs. -3.2% seen in August. The country’s imports declined 0.8% YoY in the reported month vs. -1.6% prior. In US Dollar terms, China’s trade surplus shrunk more than expected in September. Trade Balance came in at +77.71B versus +70B expected and +68.36B previous. Exports (YoY): -6.2% vs. -8.3% exp. and -8.8% previous. Imports (YoY): -6.2% vs. -6.0% exp. and -7.3% last. Additional takeaways: China Jan-Sept Yuan-denominated ... (full story)
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China September Global Trade, $ Billion:
— Cable FX Macro (@cablefxmacro) October 13, 2023
U.S. Surplus Rises to 33.2 vs 33.1
Japan Turns to Marginal Surplus
South Korea Deficit Widens to 2.8 vs -1.5
India Surplus Widens to 9.9 vs 8.4
Russia Deficit Narrows to 1.9 vs 2.2
EU Surplus Widens to 17.6 vs 16.7