U.S. media China s imports and exports in the first two months exceeded market expectations

Mondo Finance Updated on 2024-03-07

According to the U.S. "Wall Street" on March 7, the data released by the General Administration of Customs of China on the 7th showed that in US dollar terms, China's exports from January to February increased by 7 percent year-on-year1%, imports increased by 35%, achieving a surplus of 1251$600 million, an expansion of 205%。The three data were higher than the previous value across the board, and were also significantly higher than market expectations.

In December last year, China's exports increased by 2 percent year-on-year3%, imports also increased by 02%, achieving a surplus of 753$400 million; Exports increased by 05%, ending a six-month losing streak, but imports fell 06%。

According to a previous survey of economists by Wall Street, China's exports are expected to increase by 3% year-on-year from January to February0%, imports increased by 22%, with a projected surplus of $101.5 billion.

In dollar terms, China's exports fell by 4% year-on-year in 20236%, imports fell 55%, * surplus 8232$200 million. In 2022, China's exports increased by 7% year-on-year0%, imports increased by 11%, * surplus of $877.6 billion.

According to the report, the General Administration of Customs of China also released data denominated in RMB at the same time.

In renminbi terms, China's exports rose 10% year-on-year from January to February3%, imports increased by 67%, achieving a surplus of 8908700 million yuan, an increase of 23 percent year-on-year6%, both of which are significantly higher than the previous value.

Exports increased by 3 percent year-on-year in December last year8%, imports increased by 16%, * surplus of 540.9 billion yuan, higher than the previous value.

On January 21, the ship berthed at the container terminal in the Jingtang Port Area of Tangshan Port (UAV** Xinhua News Agency).

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