China’s Foreign Trade in Goods Surges 32.2% Since Start of 2021

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China saw a surge in imports and exports of goods in the first two months of 2021 as the economy continued to bounce back from the impacts of the COVID-19 pandemic.

During the first two months of 2021 China saw imports and exports of goods worth 5.44 trillion yuan (approx. USD$833.58 billion) in total, for a rise of 32.2% compared to the same period last year, according to data from the Chinese Chinese authority.

China’s early recovery from the COVID-19 pandemic compared to the rest of the world led to growth in exports far outpacing the rise in exports.

Good exports totalled 3.06 trillion yuan during the January – February period, for a YoY rise of 50.1%, while imports were worth 2.38 trillion yuan, for a YoY rise of 14.5%.

China’s trade surplus for January – February was 675.86 billion yuan, as compared to a trade deficit of 43.3 billion yuan for the same period last year.

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