10:33:12 12-04-2024
China’s Trade Balance: Exports decline sharply in March
China's Trade Balance for March, in Chinese Yuan terms, came in at CNY415.86 billion, widening from the previous figure of CNY281.97 billion.
Exports fell 3.8% YoY in March vs. 10.6% seen in February. The country’s imports rose 2% YoY in the same period vs. -3.9% registered previously.
In US Dollar terms, China’s trade surplus shrank in March.
Trade Balance came in at +58.55B versus +70.20B expected and +125.16B previous.
Exports (YoY): -7.5% vs.-3.0% expected and 7.1% previous.
Imports (YoY): -1.9% vs. 1.2% expected and 3.5% last.