China’s October trade data (USD): Surplus expands 34.01bn, beat estimates

The China customs published trade balance for October in USD terms, reporting a bigger-than-expected trade surplus as imports decline by a big margin.  

In USD terms,

Trade Balance (USD) October came in at 34.01B versus 35.00B expected and 31.70B previous.

Exports (YoY) Oct:  +15.6% vs. +11.0% expected and +14.5% last.

Imports (YoY) Oct:  +21.4 % vs. +14.0% expected and +14.3% last.