Decline expected: China’s exports increased in March
China’s exports showed a surprising increase in March. Declining since October, exports increased by 14.8 percent on an annual basis in March. Economists had expected a 6.8 percent decline.
In the January-February period, exports decreased by 6.8 percent.
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In March, imports decreased by 1.4 percent compared to the same period of the previous year. In the first two months of the year, the decrease in exports was 10.2 percent. Economists had predicted that imports would decrease by 5 percent.
In March, the trade surplus was $88.19 billion, well above the expectations of $41 billion.
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China’s exports unexpectedly increased by 14.8% annually in March, following a 6.8% decline over January and February, despite the coronavirus outbreak. During the two-month period, imports decreased by 10.2%. In March alone, imports were down by 1.4% compared to the previous year, while the trade surplus rose to $88.19bn, instead of the anticipated $41bn.
