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MNI BRIEF: China May Exports Surge Nearly 17% As Curbs Eased

MNI (Singapore)
SINGAPORE (MNI)

China's foreign trade surged in May as lockdowns eased in major cities, with exports jumping 16.9% on a year basis while imports rose 4.1%, data from China Customs showed on Thursday.

Exports reached USD308.25 billion in May, marking the fastest growth so far this year. Imports rose from two previous months of flat reading, (See: MNI: China May Exports Likely Boosted As Covid Lockdown Eased).

China's exports in the first five months were up 13.5% compared with a year ago due the increasing demands from overseas partners, leading to an overall trade surplus of USD290.46 billion.


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