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China 2020 Exports Up Despite Virus, Surplus Surges to USD 535B

14 Janvier, 2021, 10:43 | Auteur: Auguste Feret
  • China December exports rise 18.1% y/y, imports up 6.5%, top forecasts

Exports rose 18.1 per cent in December from a year earlier.

Imports meanwhile rose 6.5% in December from a year earlier, quickening from 4.5% growth in November and beating expectations for a 5% increase in the Reuters poll.

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China's exports rose in 2020 despite pressure from the coronavirus pandemic and a tariff war with Washington, boosting its politically volatile trade surplus to United States dollars 535 billion, one of the highest ever reported.

China's exports grew more than expected in December, albeit at a slower pace than the month before, as global demand for Chinese goods remained solid, while import growth quickened, customs data showed on Thursday. Imports edged down 1.1% to just over $2 trillion. Exporters have taken market share from foreign competitors that still face curbs imposed to fight the pandemic.

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