Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

China Feb exports, imports beat forecasts

Published 03/09/2010, 10:34 PM
Updated 03/09/2010, 10:36 PM

BEIJING, March 10 (Reuters) - China's exports jumped 45.7 percent in February from a year earlier, following a 21.0 percent rise in January, the General Administration of Customs said on Wednesday.

Imports surged 44.7 percent from a year earlier, easing from record growth of 85.5 percent in January, partly due to the timing of the Lunar New Year holiday.

The trade surplus last month was $7.6 billion, compared with $14.2 billion in January.

Economists had expected an $8.0 billion surplus based on a 38.7 percent rise in exports and a 39.7 percent rise in imports from year-earlier levels. [ID:nTOE62308R]

On a month-on-month basis, China's exports fell 13.7 percent in February from January, and imports fell 8.9 percent.

After calendar adjustments for the number of working days, exports rose 59.1 percent in February from a year earlier but fell 2.2 percent from January.

On the same basis, imports last month rose 74.7 percent from February 2009 and rose 6.3 percent from January, Customs said.

Trade, in billions of dollars:

Feb Jan Dec Nov Oct Sep Aug July Exp 94.5 109.5 130.7 113.7 115.9 103.7 105.4 95.4 Imp 86.9 95.3 112.3 94.6 103.0 88.0 94.8 87.2 Bal 7.6 14.2 18.4 19.1 12.9 15.7 10.6 8.2

Export and import growth (yr/yr % change):

Feb Jan Dec Nov Oct Sep Aug Jul Exp +45.7 +21.0 +17.7 -1.2 -13.8 -15.2 -23.4 -23.0 Imp +44.7 +85.5 +55.9 +26.7 -6.4 -3.5 -17.0 -14.9

Rolling 12-month surplus, in billions of dollars:

Feb Jan Dec Nov Oct Sep Aug Jul Bal 174.0 171.2 196.1 218.5 239.5 250.7 267.1 280.1 (Reporting by Langi Chiang and Aileen Wang; Editing by Alan Wheatley)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.