China's trade growth accelerates in Sept; exports up 9.9%

BEIJING (AP) — China’s trade picked up in September as global demand for masks and medical supplies boosted exports and the economy's early reopening gave producers an edge over foreign competitors.

Exports rose 9.9% over a year earlier to $239.8 billion, up from August’s 9.5%, the fourth straight month of growth, customs data showed Tuesday. Imports gained 13.2% to $202.8 billion, up from the previous month’s 2.1% contraction as the world's second-largest economy regained momentum.

Exports had a “comprehensive recovery” in the three months ending in September, said a spokesman for the customs agency, Li Kuiwen. He said China has exported masks and other medical supplies worth 1 trillion yuan ($150 billion).

China has “successfully filled the global supply shortage,” Li said at a news conference.

Chinese exporters have benefited from relative early end of travel and trade curbs after the ruling Communist Party declared victory over the outbreak in March. They are taking market share from foreign competitors that are hampered by anti-disease controls.

“Renewed virus outbreaks in trading partners will be a challenge, but shipments of products benefiting from virus-related demand should continue to hold up,” Louis Kuijs of Oxford Economics said in a report.

China’s global trade surplus swelled 6.6% over a year earlier to $37 billion but was down sharply from August’s $58.9 billion gap, thanks to higher exports.

Exports to the United States rose 20.5% over a year ago to $44 billion despite higher U.S. tariffs in a fight with the Trump administration over Beijing’s technology ambitions and trade surplus. Imports of American goods rose 24.5% to $13.2 billion.

China became the first major economy to rebound to pre-virus growth levels in the second...