| Consensus | Consensus Range | Actual | Previous | Revised | |
| Balance | $118.0B | $108.0B to $118.1B | $133.53B | $119.1B | $119.09B |
| Imports - Y/Y | 24.0% | 23.1% to 27.2% | 31.0% | 28.2% | |
| Exports - Y/Y | 25.3% | 23.5% to 25.7% | 36.3% | 25.0% |
Highlights
China's merchandise trade surplus widened from $119.09 billion in August to $133.53 billion in September. Exports rose 36.3 percent on the year after increasing 25.0 percent previously, while imports rose 31.0 percent on the year after a previous increase of 28.2 percent. Export growth remains supported by strong demand for semi-conductors and other high-tech products, with exports to the United States increasing 39.6 percent on the year.
Market Consensus Before Announcement
The trade surplus is seen at $118.0 billion in September versus $119.1 billion in August as both exports and imports continue to surge from a year ago.
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