China’s customs agency reported that exports rose 35.2% year over year in October and imports climbed 41.6%. The surge in imports cut October’s trade surplus to about $105.3 billion, down from $133.5 billion in September, even as the January–October surplus reached $1.04 trillion.

The figures are preliminary customs data reported by the Associated Press and South China Morning Post. Analysts cited by the outlets pointed to strength in electronics, autos and other technology-linked shipments; the data also arrive amid calls from trading partners for a more balanced flow of goods. The strong import growth narrows the monthly gap but does not erase the broader surplus.

Sources: apnews.com source ↗ and scmp.com source ↗