China’s October exports surge, imports rise amid global recovery

China exports grew at the fastest pace in 19 months in October, while imports also rose, official data picked by CNBC showed on Saturday.

Exports in October rose 11.4% from a year earlier, beating analysts’ expectations of a 9.3% increase and quickening from a solid 9.9% increase in September.

The surge in exports pushed the trade surplus for October up to $58.44 billion, compared with the poll’s forecast for a $46 billion surplus and a $37 billion surplus in September.

China’s trade surplus with the United States widened to $31.37 billion in October from $30.75 billion in September.