China's export value for the two months of January and last month combined increased by more than 7% compared to the same period last year, due to an increase in exports to the United States and Southeast Asia.
The value of imports is also increasing, and with the outlook for the economy becoming increasingly uncertain, attention will be focused on whether the increase in trade will continue.
According to trade statistics for January and last month combined, released by China's customs authorities on the 7th, exports increased by 7.1% in dollar terms compared to the same period last year.
This was due to an increase in exports to major trading partners such as the United States, Southeast Asia, and Russia, and by item, sales of home appliances and automobiles, including EVs, increased.
In addition, imports increased by 3.5% compared to the same period last year due to increases in iron ore and crude oil.
In January and February last year, both imports and exports were negative due to the lingering effects of the new coronavirus, and the rebound was also a factor in the increase.
In China, there is growing uncertainty about the economic outlook due to the prolonged slump in the real estate market and the severe employment situation, and attention will be focused on whether the increase in trade will continue as the economy recovers.