China’s trade surplus hit a record in 2021 as exports rose
China’s trade surplus hit a record high in 2021, boosted by strong exports that have topped market expectations since their pandemic recovery.
For the full year, China’s exports rose 29.9% to a new high of $3.36 trillion, beating 2020’s record of $2.6 trillion, according to data released by the General Administration of Customs on Friday.
Imports increased 30.1% in 2021, buoyed in part by soaring commodity prices. That translated to an annual trade surplus of $676.43 billion, surpassing the previous high of $593.9 billion in 2015, according to data provider Wind.
Follow & share @TransAmericanFriendship
