China's export value last month increased by nearly 30% due to increased exports to the United States and other countries.
On the other hand, the value of imports has also increased significantly by more than 50% due to the rise in international raw material prices, and there are concerns that the increase in costs will affect the income and expenditure of companies.
According to last month's trade statistics released by Chinese customs officials on the 7th, the total trade value of exports and imports was $ 482.31 billion, an increase of 37.4% compared to the same month last year.
Of this, exports amounted to $ 263.92 billion, an increase of 27.9%, a significant increase compared to the same month last year.
The main reason for the increase in export value is that exports of electronic devices such as smartphones continued to increase against the backdrop of so-called global demand for nesting.
In addition, exports to the United States and Europe have increased significantly, and demand, which had been declining due to the spread of infection worldwide last year, continues to recover.
Meanwhile, last month's import value was $ 218.38 billion, a significant increase of 51.1%.
This is mainly due to the continued recovery of domestic demand and the rise in prices of iron ore and crude oil, and the Chinese government has said that the recent rise in raw material prices will have an impact on the company's income and expenditures. I'm on the alert.