(ANSA) - BEIJING, 07 MAR - China records a trade surplus of 103.25 billion dollars in January-February, rebounding from the combined 7.09 billion deficit of the first two months of 2020 - in full Covid crisis - and beating the consensus of balance analysts positive of 60 billion.
Exports grew for the eighth month in a row and soared by 60.6% annually - over 38.9% expected and accelerating from 18.1% in December -, with the improvement in global demand.
Imports rose - for the fifth consecutive month - by 22.2%.
The growth in exports, according to what has been disseminated by Chinese Customs, is the largest in over two decades, driven by electronics products related to smart working (+ 54.1%) and textile-medical products (+ 50.2%) to combat the pandemic of the new coronavirus, such as face masks.
The latest customs data are in stark contrast to last year's decline of about 17% in exports and 4% in imports: in the first quarter of 2021, trade increased overall by 32.2% per year.
(HANDLE).