Foreign trade falls 0.6% in October
As both exports and imports failed to meet early forecasts, China foreign trade decreased to 2.05 trillion yuan ($307.2 billion) in October, down 0.6 percent from the same period last year, Customs data showed on Tuesday.
China’s exports declined 3.2 percent year-on-year to 1.19 trillion yuan in October, the seventh straight month of decline, and imports increased by 3.2 percent, according to the General Administration of Customs.
Data showed the foreign trade surplus narrowed to 325.25 billion yuan in October, down 16.8 percent from last October.
The leading index for China’s exports shrank to 35.6 from 35.8 a month earlier, the first month-on-month decline since the past three months.
In the first 10 months of this year, China imported more commodities at cheaper prices.