According to the median estimate of 30 economists in a Reuters poll, China’s, the world’s largest trading nation, exports and imports both are seen falling for the second straight month in January.
“Imports are expected to have fallen 10.0 percent in January from a year earlier, which would be the biggest decline since July 2016.
That compared with a 7.6 percent drop in December.
China’s exports in January also likely contracted, though not as much. Outbound shipments are expected to have fallen 3.2 percent from a year earlier, compared with the previous month’s 4.4 percent decline.
China’s overall trade surplus is seen to have shrunk sharply to $33.5 billion in January from $57.06 billion the previous month.
Most of the poll respondents penciled in a contraction in imports for January, with the lowest forecast projecting a 20.1 percent drop.”
China Customs is likely to report the trade balance figures on Thursday, February 14th.