China’s export volume in October unexpectedly fell 0.3% from the same month last year and reached $298.37 billion, according to data from the General Administration of Customs of China.
Analysts consulted by the American newspaper “The Wall Street Journal” expected an increase of 4% in the month of October, after an increase of 5.7% in the month of September.
Thus, exports fell in October 2022 for the first time since May 2020, with experts mainly attributing this to the decline in global demand in the context of the global economic slowdown.
For imports, their volume decreased by 0.7% year-on-year last October and reached $213,170 million, after increasing by 0.3% in the previous month (September 2022), a figure that economists expect to be maintained. no change last month.
China’s foreign trade surplus reached $85.2 billion in October 2022, compared to $84.7 billion in September 2022, with analysts estimating the October 2022 surplus at $95.8 billion. million.
Source: Interfax
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