BEIJING--China's exports logged a small gain last month but imports dropped sharply, official data showed Monday, possibly reflecting soft domestic demand.
China's exports rose 1.1% from a year earlier in May, after dropping 2.7% in April, according to data released by the General Administration of Customs. Economists polled by The Wall Street Journal had forecast a 4.0% decrease in exports.
Imports slid 8.5% from a year earlier in May, after rising 4.0% in April, the customs data showed. The Journal poll had forecast a decrease of 4.0% in Chinese imports.
China's overall trade surplus widened to $41.65 billion in May from the $13.84 billion surplus recorded in April. Economists had forecast a surplus of $23.65 billion.
In yuan terms, Chinese exports rose 7.7% in May from a year earlier after increasing 3.1% in April. Imports in May dropped 2.5% in yuan terms, compared with 10.3% jump in April.
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