China posts record trade surplus in Dec and 2021 on robust exports

China posts record trade surplus in Dec and 2021 on robust exports
# 14 January 2022 11:23 (UTC +04:00)

China posted a record trade surplus in December and in 2021, as exports outperformed expectations amid a global pandemic, but some analysts are pointing to a slowdown in international shipments in the coming months, APA-Economics reports citing Reuters.

The trade surplus hit $676.43 billion in 2021, the highest since records started in 1950, up from $523.99 bln in 2020, according to data from the statistics bureau.

China also posted a record trade surplus for the month of December as exports remained robust while import growth slowed sharply, customs data showed on Friday.

The trade surplus rose to $94.46 billion in December, the highest since record started in August 1994, up sharply from a $71.72 billion surplus in November and above a forecast for a $74.50 billion surplus in a Reuters poll.

Exports increased 20.9% year-on-year last month, beating expectations for a 20% rise, but down from a 22% gain in November.

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