Chinese exports and imports expanded in the first two months of the year exceeding expectations

By: Trademagazin editor Date: 2021. 03. 08. 11:02

Exceeding expectations, Chinese exports and imports expanded in the first two months of the year due to growing demand, although the outstanding data was partly due to last year’s low base data.

According to data released by the Chinese Customs Service on Sunday, the dollar-denominated value of exports rose 60.6 percent year-on-year in January-February. Analysts expected a much more modest expansion of 38.9 percent after an increase of 18.1 percent in December.

However, the exceptionally high figure is partly due to a 17.2 percent drop in Chinese exports in January-February last year due to the coronavirus epidemic. Chinese exports have been expanding steadily since June last year. (MTI)