China: Record Trade Surplus

March 9th, 2015
in News, econ_news, syndication

breaking.news.gei.170pxEconintersect:  Chinese exports explode to a 48.3% year-over-year gain and the country booked  a $60.6 billion trade surplus in February 2015.   The February trade surplus bested the previous record of $60.0 billion recorded just one month earlier.  Seven of the last eight months have had trade surpluses higher than any ever before.  While this year saw the highest exports number ever for any February, a decline in imports more than 20% year-over-year was a big reason for the huge surplus.  Calendar circumstances for the timing of the Chinese New Year was also a big factor which changed the $22.9 billion trade deficit in February last year into this year's record surplus.

Follow up:

Next year the February year-over-year comparisons for trade data will be expecially challenging because of the variable timing of the Chinese New Year.

Here are some data graphics from Trading Economics.

china.trade.bal.2015.mar.09

china.exports.2006.2015

china.imports.2006.201

Sources









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