Chinese exports fall for 3rd straight month in December

ANKARA

China's exports slumped for the third straight month in December 2022 amid weaker global demand, according to data released by the General Administration of Customs on Friday.

Exports slumped 9.9% from a year ago, slightly better than the 10% decline the market had forecast but the largest drop since February 2020.

The country's shipments to the US dove 19.5% and to the EU were down 17.5% in the same period, while exports to Russia grew 8.3%.

China’s imports fell 7.5% year-on-year in December 2022, also better than market estimate of a 9.8% drop. This was the third straight month of falling imports.

For all of 2022, China’s exports rose 7.7% and imports 1.1%, the customs administration data showed.