China‘s exports fall more than 20% in February; overall trade data come in much weaker

on Friday reported worse than expected trade data for the month of February, customs data showed amid trade dispute with the

Dollar-denominated exports plunged 20.7 percent for the month of February from a year ago, missing economists‘ expectations of a 4.8 percent decline, according to a Reuters poll. January exports had risen 9.1 percent from a year ago.

Dollar-denominated imports fell 5.2 percent in February from a year ago, missing economists‘ forecast of a 1.4 percent fall. January imports had fallen 1.5 percent on-year.

China‘s February trade balance was also significantly weaker than expected at $4.12 billion. Economists polled by Reuters had expected the overall trade balance to come in at $26.38 billion. The country‘s trade balance in January had been $39.16 billion.

China‘s politically sensitive trade surplus with the U.S. narrowed sharply to $14.72 billion in February from $27.3 billion in January.