HONG KONG (AP) — China’s exports rose 12.7% in October from a year earlier, the fastest growth in more than two years, according to customs data released Thursday.
The report shows that imports fell 2.3% in October from a year earlier, while China’s trade surplus rose to $95.7 billion in October from $81.7 billion in September.
Exports easily exceeded analysts’ estimates of growth of around 5.5%, surpassing September’s growth of just 2.4%. It was the fastest growth since July 2022.
The outlook for trade has become more uncertain after Donald Trump won Tuesday’s election and won a second term as president. Trump has promised to increase tariffs on imports from China to 60%.
Export growth in October indicated continued demand for Chinese goods abroad, while domestic demand remains subdued.
