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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] China reported stronger-than-expected trade performance at the start of the year, with both exports and imports significantly exceeding market forecasts despite pressure from rising U.S. tariffs.
According to data released March 10 by China’s General Administration of Customs, the country’s exports totaled $656.58 billion in January–February, up 21.8% year-on-year.
The figure far exceeded economists’ forecast of 7.1% growth, compiled by Reuters.
In February alone, exports reached $299.88 billion, marking a 39.6% increase from a year earlier.
Imports also rose sharply. China’s imports totaled $442.96 billion in January–February, up 19.8% year-on-year, well above the 6.3% growth forecast.
February imports stood at $208.9 billion, increasing 13.8% from a year earlier.
Overall, China’s total trade volume reached $1.099 trillion in the first two months of the year, up 21% from the same period last year.
The country recorded a trade surplus of $213.62 billion, exceeding market expectations of $179.6 billion.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
