Channel NewsAsia

China's January trade surplus rises 14% to US$31.86b

China's trade surplus rose 14.0 percent year-on-year in January to $31.86 billion, official figures showed Wednesday, rebounding from a decline the previous month as exports jumped higher than expected.

BEIJING: China's trade surplus rose 14.0 percent year-on-year in January to $31.86 billion, official figures showed Wednesday, rebounding from a decline the previous month as exports jumped higher than expected.

Exports increased 10.6 percent to $207.13 billion, while imports were up 10.0 percent at $175.27 billion, the General Administration of Customs said.

The median forecast in a survey of 11 economists by The Wall Street Journal predicted only a 0.1 percent increase in exports, which had risen 4.3 percent in December.

That month, the trade surplus in the world's second-biggest economy had fallen 17.4 percent year-on-year to $25.64 billion, customs said in January.

China's annual trade in goods passed the $4 trillion mark for the first time in 2013, when the country likely surpassed the United States as the world's largest physical trading nation.

Tweet Photos, Videos and Update on this Story to  #cna