China’s imports and exports in October reached US$339.7 billion, up 6.5% year-on-year. Chinese exports hit US$185.4 billion, up 5.6%. Chinese imports was US$154.3 billion, up 7.6%, according to China’s General Administration of Customs.
In October, China’s trade surplus shrunk 3.3% to US$31.1 billion.
For the first ten months, China’s cumulative foreign trade hit US$3.4 trillion, up 7.6%.
Chinese exports to the European Union, the U.S. and the Association of Southeast Asian Nations (ASEAN) are the main drivers of export growth. Exports to Japan declined 7% in the first ten months.
Among export products, traditional labor intensive products and electronics maintained strong growth.