China’s May exports grow 16.9% y/y, imports up 4.1%; beat forecasts
2022.06.09 06:30
FILE PHOTO: A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin Pollard
BEIJING (Reuters) – China’s exports grew 16.9% in May from a year ago, beating analysts’ expectations, while imports rose 4.1%, the first expansion in three months, customs data showed on Thursday.
Analysts in a Reuters poll had expected exports to rise 8% after a 3.9% gain in April.
Imports were expected to rise 2.0% after staying unchanged in the previous month.
China posted a trade surplus of $78.76 billion in May, versus a forecast for a $58 billion surplus in the poll. The country reported a $51.12 billion surplus in April.
