China records trade surplus in March 201210 April, 2012, 13:08. Posted by Zarathustra
The General Administration of Custom of China published the latest set of trade figures. China records trade surplus of US$5.35 billion for March, while the market was expecting a trade deficit. For the first quarter as a whole, the official numbers point to a trade surplus for US$660 million.
Import growth for March was 5.3% yoy, and export growth was 8.9% yoy. Thus while February’s record trade deficit was contributed mainly by strong import growth, both export and import growths slowed for March, with import growth slowed much more than export.
Source: General Administration of Custom of China