China posts record trade surplus in October as exports surge

China posted a record monthly trade surplus in October as exports surged despite global supply-chain disruptions.

Photo: Ronald Siagian/AFP/Ritzau Scanpix

Exports rose 27.1 percent in dollar terms last month from a year earlier to USD 300.2 billion, data from the General Administration of Customs showed Sunday. That was the 13th straight month of double digit growth, and exceeded economists' expectations of a 22.8 percent gain. Imports increased 20.6 percent, leaving a trade surplus of USD 84.54 billion. 

China's trade growth has remained well above pre-pandemic levels all year. Its exports through October have already surpassed all of 2020.

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