China’s 2019 trade surplus with U.S. narrows to $295.8 billion vs $323.3 billion in 2018

Business

FILE PHOTO: A bulk carrier is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee

BEIJING (Reuters) – China’s trade surplus with the United States for December stood at $23.18 billion, Reuters calculation based on Chinese customs data showed on Tuesday, narrowing slightly from the $24.6 billion surplus posted for November.

For the full year, China posted a $295.8 billion trade surplus with the United States, down from $323.33 billion in 2018, according to Reuters calculations.

Customs said China’s total trade with the United States fell 14.6% in 2019, with exports dropping 12.5% and imports slipping 20.9%.

(This story fixes typographical error in headline)

Reporting by Lusha Zhang and Se Young Lee; Editing by Shri Navaratnam

Articles You May Like

Young climate activist fears words not action at Davos
Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake: sources
Xi says China faces ‘grave situation’ as virus death toll hits 42
Two days into Trump trial, Republicans appear unmoved but offer Democrats some praise
Google finds security flaws in Apple’s web browser: FT

Leave a Reply

Your email address will not be published. Required fields are marked *