Analyst
Key Indices



Top Stories
Economics | Trade
October export growth eased to 35.2% yoy (-1.1ppt mom), slightly below Bloomberg’s consensus estimate of 36.3% yoy, with all five key markets slowing. Import growth accelerated to 41.6% yoy (+10.6ppt mom), well above consensus’ 33.9% yoy, as China’s import growth of crude oil rose to 39.3% yoy on elevated oil prices. The trade surplus narrowed to US$105.3b, below consensus’ US$125.8b. Crude oil prices have joined tech-related demand as a key swing factor for import growth.
Top Stories
Economics | Trade
October export growth eased to 35.2% yoy (-1.1ppt mom), slightly below Bloomberg’s consensus estimate of 36.3% yoy, with all five key markets slowing. Import growth accelerated to 41.6% yoy (+10.6ppt mom), well above consensus’ 33.9% yoy, as China’s import growth of crude oil rose to 39.3% yoy on elevated oil prices. The trade surplus narrowed to US$105.3b, below consensus’ US$125.8b. Crude oil prices have joined tech-related demand as a key swing factor for import growth.
Analyst
Key Indices



IMPORTANT NOTICE - DISCLOSURES AND DISCLAIMERS
This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.




