In USD terms, China’s exports rose 18.1% yoy to USD 281.9B in December. Imports rose 6.5% yoy to USD 203.8B. Total trade rose 12.9% yoy to USD 485.7B. Trade surplus came in at USD 78.2B, above expectation of USD 72.0B.
For the whole 2020, exports rose 3.6% to USD 2591B. Imports dropped -1.1% to USD 2056B. Total trade rose 1.5% to USD 4646B. Trade surplus was at USD 535.0B.
