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Imports grow 17.6% in September, miss expectations

Photograph taken from the air of Taicang Port Container Terminal, Suzhou City in Jiangsu Province, China. Oct. 4, 2021.

Barcroft Media | Barcroft Media | Getty Images

BEIJING — China reported disappointing growth in imports in September, while exports beat expectations, according to data released Wednesday by the customs agency.

The value of imports in U.S. Dollar terms increased 17.6% from the previous year to $240billion. This is less than 20%, as estimated by Reuters analysts.

China’s dollar-based exports grew by 28.1% over the previous year to $305.74 Billion in September, exceeding the forecast 21% growth rate according to Reuters.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.