WeChat QR Code

Home>News Center

China Jan-Feb imports and exports drop dragged by coronavirus disruption

2020-03-08 08:54:43       source:CGTN

March 7, 2020 


China's imports and exports dropped sharply in January and February, affected by the combined effects of an extended Lunar New Year holiday and COVID-19 that disrupted the output and the supply chain, said the country's customs authority on Saturday.


China's foreign trade of goods fell 11 percent year on year in the first two months to 592 billion U.S. dollars. Exports in January-February slumped 17.2 percent to 292.5 billion U.S. dollars, the biggest fall since February 2019.


A Reuters survey of 25 economists earlier estimated a 14-percent drop in exports, and a Bloomberg survey forecast shipments out of China to fall by about a fifth.


Read more: 

https://news.cgtn.com/news/2020-03-07/China-Jan-Feb-imports-and-exports-drop-due-to-coronavirus-disruption-OEWZfoIWn6/index.html