China’s Trade Balance: Exports decline sharply in March
Source Fxstreet
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.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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