China’s trade surplus jumped to USD 79.76 billion in May 2022 from USD 43.28 billion in the same month a year earlier, exceeding market forecasts of a surplus of USD 58.0 billion. This was the largest figure since the start of the year, as authorities relaxed COVID-19 control measures in Shanghai and Beijing. Exports grew 16.9% yoy, the most in four months, on the back of a resume of factory production and an easing of logistic issue; while imports rose by 4.1 percent, picking up from a stagnation in April, as domestic demand recovered. Considering the first five months of the year, the trade surplus was at USD 290.46 billion, with exports rising 13,5% while imports gained 6.6%.
