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China exports continue to drop, weighing on recovery NHK

China's exports continued to fall in the two months to February compared to the same period a year ago.
Shipments to the US and EU member states are declining amid concerns over slowdowns in those economies.

Customs authorities said Tuesday that exports for January-February shrank by 6.8% in US dollar terms from a year earlier. The figures have been in negative territory since October.

Shipments were down for personal computers, home appliances and clothing.

Imports fell 10.2%, indicating domestic demand still lacks strength.

China's trade with Russia was an exception. Its total value jumped 25.9%.

The two countries have been increasing their trade since Moscow's invasion of Ukraine began just over a year ago.
Summary
China's exports decreased by 6.8% in January-February compared to the same period last year, marking negative growth since October. Exports to US and EU states are declining due to economic concerns. Major exports like personal computers, home appliances, and clothing saw a decrease. Imports fell
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ID: 5cf091f1-abd6-4dc0-9a76-d8655859c352

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20230307_41/

Date: March 7, 2023

Created: 2023/03/08 07:50

Updated: 2025/12/09 06:34

Last Read: 2023/03/08 12:00