China's exports and imports in January and February this year decreased by 6.8% and 10.2%, respectively, compared to the same period last year.
On the 7th, Bloomberg reported that the General Administration of Customs of China announced these trade trends.
Exports performed better than the expected decline rate (-9.0%) surveyed by analysts for the Wall Street Journal (WSJ), but imports underperformed compared to the forecast (-5.1%).
Bloomberg reported that China recorded a trade surplus of $116.88 billion (approximately 152 trillion won) in January and February. This amount is higher than December last year ($78 billion) and also exceeds the Wall Street Journal's expected figure ($84 billion).
In December last year, China's export value was $306.08 billion, down 9.9% compared to the same month the previous year, while imports recorded $228.07 billion, a 7.5% decrease from the same month last year.
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