China December exports grow 18.1% year on year; imports up 6.5%

Author: Yvonne Shi

2021/01/14

SINGAPORE (ICIS)--China’s total exports in December rose by 18.1% year on year to $281.9bn, according to preliminary data from the government.

Imports for the month posted an increase of 6.5% to $203.8bn, bringing the trade surplus to $78.1bn.

For the whole of 2020, China’s total exports posted a 3.6% growth to $2.59tr, while imports fell by 1.1% to $2.06tr, official data showed.

2020 China trade data by month

Period Exports ($bn) Year-on-year % change Imports ($bn) Year-on-year % change
Jan-Feb 292.5 -17.2% 299.6 -4.0%
Mar 185.2 -6.6% 165.3 -0.9%
Apr 200.3 3.5% 154.9 -14.2%
May 206.8 -3.3% 143.9 -16.7%
Jun 213.6 0.5% 167.2 2.7%
Jul 237.6 7.2% 175.3 -1.4%
Aug 235.3 9.5% 176.3 -2.1%
Sep 239.8 9.9% 202.8 13.2%
Oct 237.2 11.4% 178.7 4.7%
Nov 268.1 21.1% 192.7 4.5%
Dec 281.9 18.1% 203.8 6.5%

Source: China Customs

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