Chinese exports rebounded sharply in May as the world’s second-largest economy gradually recovered from coronavirus restrictions, factories resumed production and eased supply chain problems.
Exports increased by 16.9% compared to the previous year, according to data announced by the General Administration of Customs.
This exceeded the growth of 8% expected by economists, and is much higher than the increase of 3.9% in April, which was the lowest in the last two years.
Imports rose 4.1% last month, after remaining unchanged in April. Economists expected imports to rise 2.5% in May.
The trade surplus stood at $ 78.8 billion in May, higher than the $ 59.5 billion analysts had expected.
In April, China recorded $ 51.1 billion.
Source: Capital
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