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China exports skyrocket 154 percent in 2021

Christian Fernsby |
China’s February exports grew at a record pace from a year earlier when Covid battered the world’s second-biggest economy, customs data showed yesterday, while imports rose less sharply.

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Topics: CHINA   

Exports in dollar terms skyrocketed 154.9pc in February compared with a year earlier, while imports gained 17.3pc, the most since October 2018. The data did not include figures for January alone.

In the January-February period, exports jumped 60.6pc from a year earlier, when lockdowns to contain the pandemic paralysed the country’s economic activity.

The surge was driven by a rebound in foreign demand, customs said in a statement on its website, citing improvements in manufacturing industries in the European Union and the United States, and their increased imports of Chinese products thanks to fiscal stimulus measures.

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