China’s Dec trade with United States, EU, other key economies


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BEIJING — China posted a record trade

surplus in December and in 2021, as exports outperformed

expectations during a global pandemic, but some analysts pointed

to a slowdown in international shipments in the coming months.

The trade surplus rose to $94.46 billion in December, the

highest since records started in August 1994.

Exports increased 20.9% year-on-year last month, beating

expectations for a 20% rise, but down from a 22% gain in

November.

Imports rose 19.5% year-on-year in December, the customs

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data showed, missing a forecast for a 26.3% rise and down

sharply from a 31.7% gain in November.

Here is a breakdown of China’s exports and imports with its

biggest trade partners in December.

Dec Exports Imports Balance Expor Impor Expor Impor

ts ts ts ts

+/- % +/- % +/- % +/- %

y/y y/y m/m m/m

Japan 14.6 17.6 -3.0 8.6% -3.9% -4.8% -5.9%

South 15.0 19.7 -4.7 27.4% 23.8% 1.5% -5.1%

Korea

Taiwan 7.6 24.0 -16.4 22.9% 17.9% 3.8% -2.8%

European 52.8 27.7 25.1 25.6% -2.9% 5.5% 1.5%

Union

USA 56.4 17.1 39.2 21.2% 3.3% 3.0% -3.6%

Australi 6.8 11.4 -4.5 19.9% 19.5% 4.3% -13.0

a %

ASEAN 49.8 39.6 10.1 12.0% 22.5% 4.1% 3.1%

(Reporting by Gabriel Crossley; Editing by Toby Chopra)

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