China's March Exports Fall 7.5% Year-on-Year... Larger Decline Than Expected

China's export decline in March was much larger than market expectations.

According to the General Administration of Customs of China on the 12th, China's March exports (in dollar terms) decreased by 7.5% compared to the same period last year.

This figure is significantly lower than market forecasts by Bloomberg (-1.9%) and Reuters (-2.3%). The export growth rate for January to February was 7.1%.

March imports also fell by 1.9% compared to the same period last year.

Initially, Bloomberg and Reuters had expected increases of 1% and 1.4%, respectively. The import growth rate for January to February this year was 3.5%.

The General Administration of Customs of China stated that exports in yuan terms for January to March increased by 4.9%, and imports also rose by 5%.

China's trade surplus in March recorded $58.55 billion (approximately 80.8 trillion KRW), falling short of Reuters' forecast of $70.2 billion.

This content was produced with the assistance of AI translation services.