China’s trade surplus with the U.S. fell to $26.62 billion in October through $28.08 billion in September, the Customs department reported on Wednesday ahead of President Donald Trump’s visit to the country.
China’s trade surplus with the U.S. was $222.98 billion inside the first 10 months of 2017, Customs added.
The U.S. trade deficit with China is usually in focus as Trump travels to Beijing on Wednesday, where he will meet his Chinese counterpart, Xi Jinping.
Overall, China’s October exports lagged market expectations, rising 6.9 percent through a year earlier while imports beat forecasts, growing 17.2 percent, official data showed on Wednesday.
in which left the country which has a trade surplus of $38.17 billion for the month, according to a Reuters calculation based on official data.
Analysts polled by Reuters had expected October shipments through the entire world’s largest exporter to have risen 7.2 percent, slower than 8.1 percent inside the previous month.
Imports had been likely to rise 16.0 percent, softening through an 18.7 percent gain seen in September.
Analysts had forecast China’s trade surplus to have widened to $39.5 billion in October through September’s $28.61 billion.
After several lean years, China’s trade performance has rebounded in which year thanks to strong demand at home in addition to abroad.
While exports are contributing to China’s economic growth Yet again, global investors have been more focused on its strong appetite for industrial commodities such as iron ore in addition to coal, which is usually boosting resources prices worldwide.
—CNBC contributed to in which report.