China's exports rise 2.3% in December amid uneven recovery

China’s exports grew slightly for a second consecutive month in December even as deflationary pressures continue, according to official data released Friday, underscoring an uneven recovery in 2023

HONG KONG -- China’s exports grew slightly for a second consecutive month in December even as deflationary pressures continue, according to official data released Friday, underscoring an uneven recovery in 2023.

Customs data showed that exports in December rose by 2.3% compared to the same period last year to $303.6 billion in a sign that demand may be picking up after months of decline earlier in the year.

Imports also rose by 0.2% compared to the same time last year to $228.2 billion, up from a 0.6% decline in November.

China’s total trade surplus for December was $75.3 billion, up 10.1% from $68.3 billion in November.

“The continued sluggish external demand is still the main factor restricting export growth,” said deputy director Wang Lingjun at a news conference Friday. “Factors such as protectionism and unilateralism also have an impact on exports, which will still face many difficulties.”