China’s exports declined during May, as global global closure measures continued due to the Corona virus.
According to Reuters, customs data showed that exports in May fell by 3.3 percent compared to a year earlier, after recording a sudden increase in April of 3.5 percent. A Reuters poll expected a decrease of seven percent.
Exports performed better than expected, but imports tumbled 16.7 percent compared to a year ago, compared to a fall of 14.2 percent in the previous month and that was the biggest decline since January 2016. < / p>
Expectations for imports fell 9.7 percent in May.
As a result, China posted a record trade surplus of $ 62.93 billion last month, the highest since Reuters began tracking data in 1981, compared to expectations for a surplus of $ 39 billion. After a surplus of 45.34 billion in April.
Trade surplus with the United States reached $ 27.89 billion in May, according to calculations by Reuters based on Chinese customs data.
Medical supplies were a bright spot, as China dominated its supply chains. According to Reuters data, according to customs data, China shipped 63.2 billion yuan in medical supplies in the first half of May, compared to 71.2 billion yuan in March and April together.
