- China’s exports fell by 6.4% year-on-year in October in U.S. dollar terms, China’s customs agency said Tuesday.
- China’s imports unexpectedly rose by 3% during that time the data showed.
- However, China’s imports from the U.S. were down by 3.7% in October versus the year ago period, CNBC calculations of customs data showed.
A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020.
Martin Pollard | Reuters
BEIJING — China reported a worse-than-expected drop in exports in October, while imports surprisingly rose for the month from a year ago.
China’s customs agency said exports in U.S. dollar terms fell by 6.4% in October from a year ago. That’s worse than the 3.3% drop predicted by a Reuters poll.
Imports rose by 3% in U.S. dollar terms in October from a year ago. That’s in…
