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China's March exports rise 30.6% YoY, imports up 38.1%

Analysts in a Reuters poll had forecast year-on-year exports growth of 35.5% after shipments surged 154.9% in February

twitter-logoReuters | April 13, 2021 | Updated 11:36 IST
China's March exports rise 30.6% YoY, imports up 38.1%

China's exports in March rose 30.6% from a year earlier, lagging expectations but still showing robust growth, while imports jumped a faster-than-expected 38.1%, customs data showed on Tuesday.

Analysts in a Reuters poll had forecast year-on-year exports growth of 35.5% after shipments surged 154.9% in February.

Imports were estimated to have increased 23.3% year-on-year, picking up from growth of 17.3% in February.

China posted a trade surplus of $13.8 billion in March, compared with the poll's forecast for a $52.05 billion surplus and $37.88 billion surplus in February.

Also read: China mulls mixing COVID-19 vaccines to 'optimise' production

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