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Soft Demand Weighs on Chinese Trade Figures

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China’s exports and imports for September came in well below expectations, dented by weak demand at home and abroad.

Exports in September tumbled 10.0 percent in dollar terms and imports fell 1.9 percent, with a trade surplus of $41.99 billion.

In U.S. dollar terms, exports were expected to fall 3.0 percent and imports to rise 1.0 percent on-year, according to a Reuters poll of analysts, which also forecast a trade surplus of $53 billion.

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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