China September Dollar-denominated Imports drop 8.5%

Omkar Godbole FXStreet Contributor

China's Imports in US Dollar terms tanked in September, pushing the Trade Surplus higher.

The inbound shipments fell 8.5% year-on-year in September versus Reuters estimate of a 5.2% drop. Meanwhile, Exports or outbound shipments dropped by 3.2% year-on-year, also beating the expected drop of 3%.

As a result, the trade surplus widened to $39.65 billion, beating the forecast of $33.3 billion.

Again, the slide in imports underlines the weakening of domestic demand conditions at a time when the world's second-largest economy is feeling the heat of the slowdown in the external sector (due to trade tensions).

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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