China's Trade Dynamics Show Resilient Exports

In a surprising turn of events, China's trade surplus for March adjusted to $102.64 billion, a significant decrease from February's $170.51 billion, yet it still managed to surpass market expectations. This data was revealed in the latest report by the country's General Administration of Customs on Monday.

Export Growth Outpaces Import Decline

Highlighting the month's trade performance, exports witnessed a robust 12.4% increase compared to the same period last year. On the flip side, imports experienced a 4.3% year-on-year decrease, painting a complex picture of China's current trade landscape.

Local Currency Figures Tell a Similar Story

When measured in local currency, the trade surplus stood at 736.72 billion yuan, a stark contrast to the previous month's 122 billion yuan. Exports in yuan terms grew by 13.5% annually, whereas imports saw a 3.5% decline, further emphasizing the export sector's strength.