China exports fall 3.3% in May, imports shrink 16.7%
Imports were estimated to have contracted 9.7%, recovering from a slide of 14.2% in April.
By : DC Correspondent
Update: 2020-06-07 04:10 GMT
BEIJING: China’s exports in May fell a less-than-expected 3.3% compared with a year earlier, but imports plunged 16.7%, customs data showed on Sunday.
Analysts in a Reuters poll had forecast exports would tumble 7% from a year earlier after a 3.5% gain in April.
Imports were estimated to have contracted 9.7%, recovering from a slide of 14.2% in April.
China posted a trade surplus of $62.93 billion last month, compared with the poll’s forecast for a $39 billion surplus and $45.34 billion surplus in April.