Economic Buzz: Chinas Exports Fall 0.3% Y-o-Y In October

7 Nov 2022 , 11:14 AM

In USD term, Chinas exports dropped -0.3% Y-o-Y to USD 298.37B in October, well below expectation of 4.3% Y-o-Y. Thats the worst performance since May 2020. Imports dropped -0.7% Y-o-Y to USD 213.22B, below expectation of 0.1% Y-o-Y. Thats the the worst since August 2020. The simultaneous contraction in both exports and imports was the first since May 2020. Trade surplus widened slightly from USD 84.74B to USD 85.15B, short of expectation of USD 95.95.Powered by Commodity Insights