China’s export value increased 3.6% year-on-year, including mask growth, reaching record high
China’s exports over the last year increased 3.6% compared to the previous year
The background is that exports of masks and medical equipment have increased due to the spread of the new coronavirus infection.
According to trade statistics for the last year released by Chinese customs authorities, exports amounted to $ 2.5090.6 billion, a record high of 3.6% over the previous year.
This is due to the increase in exports of masks and medical equipment due to the spread of the new coronavirus infection, and the increase in so-called ”needing demand” worldwide, and the increase in exports of electronic devices such as personal computers.
Meanwhile, imports were $ 2.55.6 trillion, 1.1% lower than the previous year, resulting in a trade surplus of $ 535 billion, which is exports minus imports.
”There are many uncertainties about the virus infection and the external environment, but the world economy is expected to recover, and the current state of the domestic economy is also the development of trade,” said Lee Kaifumi, a spokesman for the General Administration of Customs of China. Will support. ”
Meanwhile, imports of soybeans and pork increased following the first-stage agreement on trade negotiations with the United States in January last year, but the trade surplus with the United States was about $ 310 billion, up 7% from the previous year. It seems that it will be an issue between the United States and China even under the next administration of Biden.
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