advertisement

China's exports and imports fall amid coronavirus woes

BEIJING (AP) - China's exports and imports both fell in May as the coronavirus and trade tensions with the U.S. weighed on demand 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 sharply to $62.9 billion. The surplus with the United States reached $27.9 billion and climbed $18.2 billion with the European Union.

The fall in exports came after a surprise 3.5% rise the previous month. Analysts were expecting the decline, attributing April's rise to orders placed before virus restrictions hit overseas economies and predicting that American and European customers would also cancel other orders.

Chinese exports to the U.S. totaled $37.2 billion, about the same as the $35.5 billion in exports to the EU. However, its imports from the EU were $17.3 billion, nearly twice the $9.3 billion from the U.S.

People wearing face masks to protect against the new coronavirus walk at a government event aiming to stimulate consumer demand and consumption in Beijing, Saturday, June 6, 2020. China's capital is lowering its emergency response level to the second-lowest starting Saturday for the coronavirus pandemic. That will lift most restrictions on people traveling to Beijing from Wuhan and surrounding Hubei province, where the virus first appeared late last year. (AP Photo/Mark Schiefelbein) The Associated Press
People wearing face masks to protect against the new coronavirus sit in front of a Lancome cosmetics store under construction at a pedestrian shopping street in Beijing, Saturday, June 6, 2020. China's capital is lowering its emergency response level to the second-lowest starting Saturday for the coronavirus pandemic. That will lift most restrictions on people traveling to Beijing from Wuhan and surrounding Hubei province, where the virus first appeared late last year. (AP Photo/Mark Schiefelbein) The Associated Press
People wearing face masks to protect against the new coronavirus browse merchant tents at a government event aiming to stimulate consumer demand and consumption in Beijing, Saturday, June 6, 2020. China's capital is lowering its emergency response level to the second-lowest starting Saturday for the coronavirus pandemic. That will lift most restrictions on people traveling to Beijing from Wuhan and surrounding Hubei province, where the virus first appeared late last year. (AP Photo/Mark Schiefelbein) The Associated Press
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.