China's February exports surge but imports fall

Published: 08th March 2013 12:46 PM  |   Last Updated: 08th March 2013 12:46 PM   |  A+A-


China's exports surged more than expected last month in a possible sign of stronger global demand.

Exports leaped 21.8 percent in February, slower than the 25 percent growth recorded in January but still a surprise to economists who had been forecasting single-digit growth for the month. That's because the timing of a major holiday had been expected to crimp shipments.

Imports fell 15.2 percent last month, a sharp turnaround from 28 percent growth in January, according to data released Friday. That suggests weaker domestic demand but the picture is clouded by Lunar New Year holidays.

China's trade growth has been rebounding in recent months in a sign of recovery in the world's second biggest economy.

February had been expected to be weak because the Lunar New Year holiday fell during the month, leaving fewer work days as businesses shut for up to two weeks. Last year the holiday occurred in January, which flattered the performance of trade in the first month of this year.

"We are impressed by China's ability to expand its exports so strongly despite a muted external environment," Darius Kowalczyk, a strategist with Credit Agricole CIB said in a report.

Exports rose to $139.4 billion while imports declined to $124.12 billion, resulting in a trade surplus of $15.2 billion.


Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp