BEIJING – China’s exports rose 9 percent in September as compared to the same month in 2016, while imports grew 19.5 percent, according to figures published on Friday by the General Administration of Customs.
In September, trade surplus of the world’s second-largest economy amounted to 193 billion yuan ($29.3 billion), a year-on-year drop of 28 percent.
Analysts pointed out the increase in exports in the last month – although slightly lower than expected – was due to a greater demand for Chinese products abroad and a recovery in trade with its major commercial partners.
Chinese exports in the same period to the EU, the US and Japan went up by 16.4, 18.7 and 14.9 percent, respectively.
In the first nine months of 2017, exports increased by 12.4 percent as compared to the same period the previous year, while imports surged 22.3 percent and trade volume rose by 16.6 percent, according to the GAC.
In absolute numbers, exports increased to 11.16 trillion yuan, while imports rose to 9.13 trillion yuan.
The trade surplus between January and September 2017 amounted to 2.03 trillion yuan, a 17.7 percent decline.