Caixin

China’s Exports Beat Forecasts on Emerging Market Demand

Published: Oct. 13, 2025  4:04 p.m.  GMT+8
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China’s exports grew at a faster-than-expected pace in September, while imports also staged a strong rebound, suggesting some resilience in the world’s second-largest economy despite persistent global uncertainties.

Exports in U.S. dollar terms rose 8.3% year-on-year last month, accelerating from an increase of 4.4% in August, according to data released on Oct. 13 by the General Administration of Customs. The figure surpassed the average forecast for a 5.9% rise in a Caixin survey of economists.

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  • China’s exports rose 8.3% year-on-year in September 2024, while imports jumped 7.4%, both surpassing forecasts.
  • The trade surplus narrowed to $90.5 billion, the lowest since February, as imports grew faster than exports.
  • Exports to Africa surged 56.8%, to Latin America 15.8%, while shipments to the U.S. fell 26.8%; high-tech and mechanical exports saw double-digit growth.
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