China’s exports accelerated more than forecast at the end of 2012, surpassing the median market expectations. Overseas shipments rose 14.1% from a year earlier, the biggest increase since May, compared with a 2.9% gain in the previous month and a consensus of 5%. December imports rose 6% (expected +3.5%) after a stagnation in November. China’s trade surplus widened to $31.62 bn (consensus $20 bn) from $19.63 bn a month earlier.
For all 2012, Chinese exports increased 7.9%, while imports rose 4.3%, clearly missing government growth targets. In 2011, overseas shipments gained 20.3% and imports grew almost 25%.