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.
Recommended Articles
Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support.
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Sui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
As price continues to trade sideways, Ethereum (ETH) has reclaimed a crucial level, which could kickstart a breakout toward the $2,100 resistance.
Related Instrument
