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China’s Trade Surplus shrinks more-than-expected to CNY712.72 billion in October

FXStreet · 2026-11-10T02:47:04Z
China’s Trade Surplus shrinks more-than-expected to CNY712.72 billion in October

China's Trade Balance for October, in Chinese Yuan (CNY) terms, arrived at +CNY712.72 billion, lower from the previous figure of +CNY905.97 billion. The market forecast was for +CNY859 billion.

Exports rose 28.7% Year-on-Year (YoY), slower than 29.6% in September. However, country’s imports remained significantly higher at 34.7% YoY vs. 24.6% recorded previously.

In US Dollar (USD) terms, China’s Trade Surplus shrank to 105.28B versus 125.8B expected and the previous reading of +133.53B.

Exports (YoY): 35.2% vs. 33.5% expected and 36.3% last.

Imports (YoY): 41.6% vs. 32% expected and 31% previous.

Market reaction

No major reaction is seen in the Australian Dollar (AUD), following the release of the China's Trade Balance data, given the antipodean is considered as liquid proxy to Chinese economy. As of writing, the AUD/USD pair is marginally down to near 0.6918.

Economic Indicator

Trade Balance CNY

The Trade Balance released by the General Administration of Customs of the People’s Republic of China is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the CNY. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the Forex market. In general, a high reading is seen as positive (or bullish) CNY, while a low reading is seen as negative (or bearish) for the CNY.

Read more.

Last release: Tue Nov 10, 2026 02:30

Frequency: Monthly

Actual: 712.78B

Consensus: 859B

Previous: 905.97B

Source: National Bureau of Statistics of China