China saw its biggest gain in imports in a year last month, while a slide in exports decelerated, adding to evidence that the world’s second-largest economy is recovering from the impact of pandemic lockdowns. Imports rose 4.2% from a year ago to $197 billion in February, following a slump of 21.4% in January and snapping four months of decline, figures released Saturday by the General Administration of Customs showed. Exports slipped 1.3% year-on-year in February to $214 billion, slowing from a slide of 10.5% in the previous month. The jump in imports led to a trade surplus of $16.8 billion, the lowest level since March 2021.

Source:  Bloomberg
Post by: Republic of Türkiye Ministry of Trade