BEIJING : China’s trade surplus surged to a record in May as exports fell less than expected, helped by an increase in medical-related sales, and imports slumped along with commodity prices.Exports decreased 3.3% in dollar terms from a year earlier, beating economists’ estimates, while imports plunged 16.7%.
That resulted in a trade surplus of $62.93 billion.The record surplus comes as the price of commodities China buys such as crude oil, natural gas and soy beans declined.