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China's October exports rise 5.6 percent

Nov. 8, 2013 at 1:47 AM

BEIJING, Nov. 8 (UPI) -- China's October exports rose 5.6 percent to 1.14 trillion yuan ($185.4 billion), yielding a surplus of 192.38 billion yuan ($31.6 billion), data showed Friday.

The October increase in exports year-on-year reversed the 0.3 percent decline year-on-year the previous month, the General Administration of Customs reported.

October imports also rose 7.6 percent from the same month of last year, leaving a surplus for the month of $31.6 billion. The October surplus, however, was down 3.3 percent year-on-year.

In the first 10 months of this year, trade surplus rose 12 percent to 1.25 trillion yuan ($205.2 billion), Xinhua News Agency reported.

Trade with the European Union, China's largest trade partner, climbed 0.5 percent year on year in the first 10 months. Trade with the United States, China's second-largest trade partner, rose 6.9 percent in the first 10 months, but trade with Japan declined 7 percent, according to the figures.

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