China's Trade Balance for March, in Chinese Yuan terms, came in at CNY415.86 billion, widening from the previous figure of CNY281.97 billion.
China 's Trade Balance for March, inChinese Yuan terms, came in at CNY415.86 billion, widening from the previous figure of CNY281.97 billion. Exports fell 3.8% YoY in March vs. 10.6% seen in February. The country’s imports rose 2% YoY in the same period vs. -3.9% registered previously. InUS Dollarterms, China ’s trade surplus shrank in March. Trade Balance came in at +58.55B versus +70.20B expected and +125.16B previous. Exports : -7.5% vs.-3.0% expected and 7.1% previous. Imports : -1.9% vs.
2% expected and 3.5% last. Additional takeaways China Jan-March USD-denominated exports +1.5% YoY. China Jan-March USD-denominated Imports +1.5% YoY. China Jan-March USD-denominated trade balance 183.66 billion. China March trade surplus with the United States $22.94 billion. China Jan-March trade surplus with the United States $70.22 billion. FX implications AUD/USDis holding the recent losses on mixed China’s trade figures. The pair is down 0.32% on the day, trading at 0.
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