Macroeconomy/Finance

Chinese imports fall by 18.5%

In the first quarter of 2020, imports from China fell by 18.5%. Among the products that stopped their entry into the country are textiles, wood and leather, among others. The fall is associated with the coronavirus pandemic and could be temporary and not definitive, so it would not benefit the domestic industry because it has a competitive disadvantage by the exchange rate of the dollar. On the other hand, demand has turned to food and health-related products.

Source: Los Tiempos