China Posts Record Trade Surplus in Dec And 2021

In December, Chinese exports rose more than analysts’ expectations, while imports rose less than expected.

On Friday, the Chinese Customs Administration revealed, in a statement carried by CNBC, that exports rose by 20.9 percent year on year last month to $340.49 billion, against expectations of a 20 percent increase, compared to a 22 percent increase in November.

Imports rose 19.5% during the same period, compared to expectations of a 26.3% increase, and compared to an increase of 31.7% in November.

China’s total exports increased in 2021 by 29.9 percent, while imports increased by 30.1 percent, and China’s trade balance surplus over last year’s total reached $676.43 billion, the highest level ever.

China’s total exports to the United States increased last year by 27.5 percent to $576.11 billion, while imports rose 32.7 percent to $179.53 billion, and the total trade balance surplus with America in 2021 reached $396.58 billion.