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MNI BRIEF: China Jan-Feb Exports Rise Steadily; +16.3% YTD

MNI (Singapore)
SINGAPORE (MNI)

China's foreign trade, rose in the first two months of the year, despite the high base effect as well as production-limit policies during the Winter Olympic Games, according to data released on Monday by the China General Administration of Customs.

Exports increased 16.3% y/y in the first two months to USD544.7 billion, led by private sector shipments of mechanical and electronical items, Customs said. Imports rose 15.5% y/y to USD428.8 billion, with purchases of crude oil, natural gas and soybeans noted. The trade surplus for the first two months reached USD115.95 billion.

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