China's exports go up

Image
IANS Beijing
Last Updated : Nov 08 2013 | 12:21 PM IST

Chinese exports reversed its decline and rose 5.6 percent year-on-year in October to $185.4 billion, customs data showed Friday.

The country's exports fell 0.3 percent in September from a year earlier, ending two months consecutive rise, according to the General Administration of Customs, reports Xinhua.

Imports rose 7.6 percent last month compared to the same period last year, accelerating from September's 7.4-percent rise.

This left the country with a trade surplus of 192.38 billion yuan in October, down 3.3 percent year-on-year basis.

During the first 10 months of 2013, exports and imports gained 7.6 percent from a year earlier, with the trade surplus growing 12 percent year-on-year to 1.25 trillion yuan.

Trade with the European Union, the nation's largest trade partner, climbed 0.5 percent year-on-year during the January-October period, compared with a 0.8 percent decrease registered in the first nine months of 2013.

Trade with the US, China's second-largest trade partner, rose 6.9 percent during the first 10 months, while that with Association of Southeast Asian Nations members increased 10.9 percent.

Trade with Japan, however, declined 7 percent.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 08 2013 | 12:16 PM IST

Next Story