China’s exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed lockdowns in a further boost to the recovery in the world’s second-biggest economy.
Exports in August rose 9.5% from a year earlier, customs data showed on Monday, marking the strongest gain since March 2019. The figure also beat analysts’ expectations for 7.1% growth and compared with a 7.2% increase in July.
Imports however slumped 2.1%, compared with market expectations for a 0.1% increase and extending a 1.4% fall in July.
“China’s exports continue… to grow significantly faster than global trade,” said Louis Kuijs of Oxford Economics.