This is an archive article published on October 13, 2023

China’s exports, imports fall 6.2% in September as global demand falters

Customs data released Friday showed exports for September slid 6.2 per cent to $299.13 billion in the fifth straight month of decline. Imports also slid 6.2 per cent to $221.43 billion.

China's exports and imports both fell in September from a year earlier, though they contracted at a slower pace even as global demand remained muted. (File image)

By: AP

2 min readHong KongOct 13, 2023 12:25 PM IST First published on: Oct 13, 2023 at 12:23 PM IST

China’s exports and imports both fell in September from a year earlier, though they contracted at a slower pace even as global demand remained muted.

Customs data released Friday showed exports for September slid 6.2 per cent to USD 299.13 billion in the fifth straight month of decline. Imports also slid 6.2 per cent to USD 221.43 billion.

China posted a trade surplus of USD 77.71 billion, up from USD 68.36 billion in August.

Lu Daliang, spokesperson of the General Administration of Customs, said in a press conference Friday in Beijing that the unstable momentum of the global economy’s recovery from the pandemic was the biggest challenge facing China’s exports.