Chinese Trade Surplus Narrows in September On Falling Exports
In September of 2013, China’s trade surplus decreased to a worse than expected 15.2 billion USD, from 28.6 billion USD in August and 27.5 billion USD a year earlier, due to a fall in exports.
10/12/2013 2:37:15 PM
Exports shrank 0.3 percent year on year to 185.6 billion USD. While shipments to Japan increased for the first time in eight months, sales to the US, Europe, South Korea, Taiwan, and Australia decreased in September.
This year, Chinese Mid-Autumn Festival fell from September 19th to September 21st, while last year the holiday fell from September 30th into October.
In contrast, imports rose 7.4 percent to 170.4 billion in September.
For the first nine months of 2013, exports increased 8 percent to 1.61 trillion USD, while imports rose 7.3 percent to 1.45 trillion USD.