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Tags: China | Trade

China 2020 Exports up Despite Virus; Surplus Surges to $535B

Wednesday, 13 January 2021 11:01 PM

BEIJING (AP) — China’s exports rose in 2020 despite pressure from the coronavirus pandemic and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever reported.

Exports rose 3.6% over 2019 to $2.6 trillion, an improvement over 2019’s 0.5% gain, customs data showed Thursday. Imports edged down 1.1% to just over $2 trillion.

China’s exporters benefited from the relatively early reopening of its economy and demand for masks and other Chinese-made medical supplies. Exporters have taken market share from foreign competitors that still face curbs imposed to fight the pandemic.

Exports surged 18.1% in December over a year earlier to $281.9 billion. Imports rose 6.5% to $203.7 billion.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
China's exports rose in 2020 despite pressure from the coronavirus pandemic and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever reported. Exports rose 3.6% over 2019 to $2.6 trillion, an improvement over...
China,Trade
116
2021-01-13
Wednesday, 13 January 2021 11:01 PM
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