China exports, imports soar past expectations in October — surplus narrows sharply

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SHENZHEN, CHINA - AUGUST 30: A Chinese national flag flies from a vessel in front of the MSC Claire container ship berthed beneath gantry cranes at Yantian Port on August 30, 2026, in Shenzhen, Guangdong Province, China. China is set to release its latest official manufacturing purchasing managers' index as investors assess the outlook for factory activity, domestic demand and exports amid persistent pressure on the world's second-largest economy. (Photo by Cheng Xin/Getty Images)

Cheng Xin | Getty Images News | Getty Images

China's exports and imports surged more than expected in October, according to the official data released Monday, while its surplus shrank sharply, undershooting expectations.

Goods exports soared by 35.2% last month from a year earlier, exceeding expectations for a 33.5% jump in a Reuters poll and slowing from a 36.3% jump in September.

Imports climbed by 41.6% last month, customs data showed, jumping from 31% in September and sharply beating estimates for a 32% rise by analysts polled by Reuters.

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