China’s exports rise nearly 28% as foreign demand increases

A container port on the Yangtze River is seen in an aerial view
A container port on the Yangtze River is seen in an aerial view (AP)
6:05am, Mon 07 Jun 2021
CBAD8A00-D2B9-4E0E-ADDF-D0366C357A34 Created with sketchtool. E9A4AA46-7DC3-48B8-9CE2-D75274FB8967 Created with sketchtool. 65CCAE04-4748-4D0F-8696-A91D8EB3E7DC Created with sketchtool.

China’s exports surged nearly 28% in May while imports jumped 51% as demand rebounded in the US and other markets.

Growth in China however, is levelling off after a stunning recovery from last year’s slump.

The country has led the global recovery from the pandemic, which is still raging in many parts of the globe but receding in places where vaccinations have been widely deployed.

Customs data released on Monday showed total exports climbed 40% in the first five months of the year from a year earlier.

They were up 29% from the same period in 2019.

The boost from last year’s slump is fading, however, and the 263.9 billion dollars (£186.5 billion) in Chinese exports in May was about level with the previous month.

China’s imports of 218.4 billion dollars (£154.4 billion) in May were 1.2% lower than in April.

China’s trade surplus in May was 45.53 billion dollars (£32.2 billion), down 26.5% from a year earlier.

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