File – Container trucks pass through a new automated container port in Rizhao in eastern China’s Shandong province on Oct. 9, 2021. China’s export growth slowed slightly in October to 27.1 percent over a year ago, while imports were up 20.6 percent, the customs administration said Sunday, Nov. 7, 2021. (Chinatopix via AP, File)
By Associated Press
BEIJING (AP) — China’s export growth slowed slightly in October to 27.1 percent over a year ago, while imports were up 20.6 percent, the customs administration said Sunday, The trade surplus was $84.5 billion, higher than the $66.8 billion in September.
The export and import figures are much higher than a year ago, when much of the world was in the throes of the COVID-19 pandemic, but overall economic growth appears to be moderating.
China’s economy has been buffeted by COVID-19 outbreaks and related restrictions that have depressed domestic travel and consumer demand, and power shortages that have pushed down factory production.
Exports, which were up 28.1 percent in September, totaled $300.2 billion last month. Imports were $215.7 billion.