China's Exports Climb to Record in September Despite Energy Crisis


Bloomberg 13 October, 2021 - 02:41am 8 views

China’s Sept Trade Balance: Surplus expands amid surging exports, both beat estimates

FXStreet 12 October, 2021 - 10:14pm

China's Trade Balance for September, in Yuan terms, came in at CNY433.19 billion versus CNY386.13 billion expected and CNY376.31 billion last.

The exports rose by 19.9% last month vs. 17.1% expected and 15.7% previous.

Imports increased by 10.1% vs. 22.3% expected and 23.1% prior.

China reported a bigger-than-expected growth in the trade surplus, as both imports and exports bettered expectations

Trade Balance came in at +66.76B versus +47.6B expected and +58.34B previous.

Exports (YoY): +28.1% vs. +21.5% exp. and +25.6% prior.

Imports (YoY): +17.6% vs. +19.2% exp. and +33.1% last.

China Sept trade surplus with the US $42 bln vs $37.68 bln surplus in August.

China Jan-Sept trade surplus with the US at $280 bln.

AUD/USD ignores upbeat Chinese trade figures, now keeping its rebound intact just below 0.7350. The spot loses 0.08% on the day, currently trading at 0.7341.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Subscribe Today!    

The single currency manages to leave behind the pessimism seen at the beginning of the week and now lifts EUR/USD back to the mid-1.1500s midweek as the soft tone surrounding the greenback allows a mild improvement in the pair.

GBP/USD is holding ground above 1.3600 after UK GDP missed estimates with 0.4% in August. A broad-based retreat in the US dollar keeps the pair afloat. Hawkish BOE outweighs renewed Brexit concerns amid a cautious market mood. US inflation and Fed minutes in focus. 

Gold is wavering in a narrow range above $1760, posting small gains so far this Wednesday. Gold bulls catch a breather heading into the US inflation and FOMC minutes showdown.

Shiba Inu price looks to be forming a rising wedge pattern, hinting at an incoming correction. A breakdown of the lower trend line at $0.00002828 will likely lead to a 13% correction to $0.00002540.  In some cases, SHIB might head to $0.00002186, creating a bottom reversal pattern.

The inflation-averaging vaccine is not working. Last September the Federal Reserve dropped its 2% inflation target. Instead of trying to meet a monthly goal, Federal Reserve policy would take a longer view, judging inflation across a much wider but carefully unspecified period. 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Business Stories