off-the-wire

China's Jan-Feb exports and imports slump further

Kitco Media
By Reuters
Published:
Updated:
Reuters
BEIJING, March 7 (Reuters) - China's exports for January-February shrank by 6.8% from a year earlier, while imports declined by 10.2%, customs data showed on Tuesday.


Analysts in a Reuters poll had expected exports to fall 9.4%, after dropping 9.9% in December amid cooling global demand. Imports were forecast to have shrank an annual 5.5%, compared with a 7.5% fall in December, even though domestic consumption improved after the lifting of stringent COVID-19 curbs late last year.


China posted a trade surplus of $116.9 billion in January-February, compared with a $81.8 billion surplus expected in the poll. (Reporting by Joe Cash and Ellen Zhang; Editing by Bradley Perrett and Kim Coghill)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.