CHINA'S EXPORTS HIT BOTTOM DUE TO CORONAVIRUS


08/03/2020




Serhat TUNAR -TDO- New type coronavirus (Covid-19) in China, the number of people who lost their lives in the outbreak passed 3 thousand, commercial enterprises suspended the activities of the country's exports fell significantly in the first two months of the year.

Exports fell to their lowest level following a trade war with the United States in February last year. In the first two months of the year, exports fell by 17 per cent compared to the same period last year, while imports fell by 4 per cent, official figures show.

January and February figures will be released together, China announced last month. Economic experts expect imports to decline by 16 per cent in the coming period.

The decline in China's exports also led to a decline in the surplus in foreign trade with the United States. The surplus in foreign trade fell 40 percent in the first two months of the year, from $ 42 billion to about $ 25 billion.


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