China September exports grow 25.1%; imports rise 24.1%

13 October 2010 06:23  [Source: ICIS news]

SHANGHAI (ICIS)--China’s exports in September grew 25.1% year on year to $144.99bn (€104.39bn) amid the gradual recovery in the global economy while imports rose 24.1% from the year-ago period to $128.11bn, China Customs said on Wednesday.

Month on month, exports showed a 4.1% rise over the $139.3bn recorded in August while imports rose 7.4% from $119.3bn last month.

However, the export and import growth figures in September were lower than those in August mainly due to the higher comparison base last year, analysts said.

China’s trade surplus fell to $16.88bn in September from $20.03bn in August, and was the lowest surplus in the past five months, according to Customs data.

Foreign trade in September totalled $273.1bn, up 24.7% compared with the same period in 2009, the data showed.

From January to September, the country’s shipments surged 34% year-on-year to $1,134.64bn while imports jumped 42.4% to $1014.04bn..

($1=€0.72)

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