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7 Nov 2024

International Economy

China’s exports rose by 12.7% YoY in October 2024 (Business Brief No.4097 Full Ed.)

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China’s exports rose by 12.7% YoY in October 2024
  • China’s exports grew by 12.7 percent YoY in October 2024, driven by accelerated shipments to major markets ahead of potential escalation of the trade war following the US presidential election.
  • For the remaining two months of 2024, China’s exports are expected to rise further before Trump’s inauguration as US president. Meanwhile, close attention must also be paid to trade protectionism from other countries.
  • KResearch views that if China’s outward trade can maintain growth momentum during the last two months of the year, this will positively impact the 4Q24 economy, leading to better-than-expected growth.

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International Economy