China’s trade surplus soars past $1 trillion, October exports jump 35.2% y/y

BEIJING, Nov 10 (Reuters) - China’s exports rose 35.2% in October from the same month last year in US dollar terms, extending a boom in AI-related shipments, and lifting the country’s trade surplus to over $1 trillion for a second straight year, customs data showed on Tuesday.

Economists polled by Reuters had expected exports to rise 33.5% year-on-year after surging 36.3% in September.

Imports grew 41.6%, beating median forecast for a 32% increase in the Reuters poll and accelerating from the 31% growth in September.