You are here: Home » International » News » Economy
Business Standard

China August exports rise 9.5% y-o-y, beat forecasts; imports down 2.1%

China's exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday.

Topics
China exports | China economic growth

Reuters  |  BEIJING 

china, chinese, import, export, trade, deficit
Representative image

BEIJING (Reuters) - China's exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday.

Analysts in a Reuters poll had forecast exports would increase 7.1% from year earlier after registering surprising growth of 7.2% in July.

Imports were estimated to have edged up 0.1%, after slumping 1.4% in July.

China posted a trade surplus of $58.93 billion last month, compared with the poll's forecast for a $50.50 billion surplus and $62.33 billion surplus in July.

 

(Reporting by Gabriel Crossley; Editing by Shri Navaratnam)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, September 07 2020. 09:56 IST
RECOMMENDED FOR YOU
.