China August Exports Rise 9.5% Year-on-year, Beat Forcasts; Imports Down 2.1%​

Cranes and containers are seen at the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin Pollard

BEIJING (Reuters) - China's exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday.    

Analysts in a Reuters poll had forecast exports would increase 7.1% from year earlier after registering surprising growth of 7.2% in July.

Imports were estimated to have edged up 0.1%, after slumping 1.4% in July.

China posted a trade surplus of $58.93 billion last month, compared with the poll's forecast for a $50.50 billion surplus and $62.33 billion surplus in July.