China’s trade surplus widened to US$39.65 billion in September 2019 from US$30.26 billion in the same month a year earlier and compared to market expectations of a US$33.3 billion surplus. Exports declined 3.2% yoy in September, while imports drop at a faster 8.5%. Meantime, China’s trade surplus with the US narrowed to US$25.88 billion in September from US$26.96 billion in August.

From the first nine months of the year, trade surplus with the US was recorded at US$221.33 billion. In January-September, China’s trade surplus increased to US$298.92 billion from US$219.31 billion in the corresponding period the prior year.