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China: first 2 months surplus rises to 116.88 billion, -6.8% exports


China posted a trade surplus of $116.88 billion in January-February 2023, up from $109.7 billion in the same period of 2022, beating analyst estimates by $81.8 billion. (HANDLE)

(ANSA) - ROME, MARCH 07 - China recorded a trade surplus of 116.88 billion dollars in the period January-February 2023, up on 109.7 billion in the same period of 2022, beating analysts' estimates of 81.8 billion.

    Exports, down for the fourth consecutive month due to weak external demand, dropped by 6.8% (to 506.3 billion), however less than the expected -9.4% and -9.9% in December 2022

   Imports, according to data from Chinese Customs, suffer a slowdown of 10.2%, to 389.42 billion, almost doubling the -5.5% forecast against -7.5% in December



Source: ansa

All life articles on 2023-03-07

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