China's Trade Balance for September, in Yuan terms, came in at CNY433.19 billion versus CNY386.13 billion expected and CNY376.31 billion last.
The exports rose by 19.9% last month vs. 17.1% expected and 15.7% previous.
Imports increased by 10.1% vs. 22.3% expected and 23.1% prior.
In USD terms,
China reported a bigger-than-expected growth in the trade surplus, as both imports and exports bettered expectations
Trade Balance came in at +66.76B versus +47.6B expected and +58.34B previous.
Exports (YoY): +28.1% vs. +21.5% exp. and +25.6% prior.
Imports (YoY): +17.6% vs. +19.2% exp. and +33.1% last.
Additional takeaways
China Sept trade surplus with the US $42 bln vs $37.68 bln surplus in August.
China Jan-Sept trade surplus with the US at $280 bln.
FX implications
AUD/USD ignores upbeat Chinese trade figures, now keeping its rebound intact just below 0.7350. The spot loses 0.08% on the day, currently trading at 0.7341.
