China’s Trade Balance: Surplus balloons in March as Exports surge
Source Fxstreet
China's Trade Balance for March, in Chinese Yuan (CNY) terms, arrived at CNY736.72 billion, showing a massive expansion from the previous figure of CNY122 billion.
Exports jumped 13.5% YoY in March vs. 3.4% in February. The country’s imports fell 3.5% YoY in the same period vs. -7.3% booked previously.
In US Dollar (USD) terms, China’s trade surplus expanded more-than-expected in March.
Trade Balance came in at +102.6B versus +77B expected and +170.51B previous.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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