BEIJING (AP) — China's exports and imports both fell in May as the coronavirus and trade tensions with the U.S. weighed on demand both at home and abroad.

Exports fell 3.3% compared to a year earlier to $206.8 billion and imports dropped 16.7%to $143.9 billion, the Chinese customs agency said Sunday.

The plunge in imports drove the country's trade surplus up to $62.9 billion. The surplus with the United States reached $27.9 billion.

The fall in exports came after a surprise 3.5% rise the previous month. Exports to the U.S. totaled $37. 2 billion, while imports from the U.S. were $9.3 billion.

Analysts were expecting the decline in exports, attributing April's rise to orders placed before virus restrictions hit overseas economies and predicting that American and European customers would likely cancel other orders.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

0
0
0
0
0

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.