Chinese exports, imports advance in Jan-Feb

08.03.2021 - Evdokimov Roman
Chinese exports, imports advance in Jan-Feb

Data from China’s customs agency showed that the country’s exports recorded an impressive 60.6% year-on-year jump from January to February. Imports also expanded, tallying a 22.2% growth from last year’s weak levels.                                                                                        

The exports’ current reading stood larger than the 38.9% expansion predicted by analysts in a Reuters poll. This expectation was rendered after the country saw an 18.1% increase in December. Similarly, imports breached forecasts, placing higher than the 15% jump expected in the survey.

China posted a trade surplus of $103.25 billion from January to February. Analysts who participated in the survey had expected the surplus to narrow to $60.00 billion from a $78.17 billion record seen in December.

China’s customs authority started merging January and February data last year in a bid to smooth discrepancies caused by the Lunar New Year.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?