FX.co ★ China Trade Surplus Below Forecasts

China reported a trade surplus of USD 90.45 billion for September 2025, which, while falling short of the anticipated USD 98.96 billion, still surpassed the USD 81.69 billion noted in September of the previous year. This surplus was driven by exports that continued to exceed imports. Exports experienced a notable year-on-year increase of 8.3%, outstripping expectations of a 6% rise and building upon the 4.4% growth seen in August, as manufacturers successfully tapped into new markets. In contrast, imports surged by 7.4%, significantly outperforming the forecasted 1.5% increase, and well above August's 1.3% rise. This marked the swiftest growth rate since April 2024, fueled by government initiatives aimed at stimulating domestic consumption.