China March yuan-denominated exports down 3.5% y/y, imports up 2.4%

China’s yuan-denominated exports in March fell 3.5%% from the same period a year earlier, customs data showed on Tuesday, as the global coronavirus health crisis paralysed economic activity at home and many other countries.

Imports rose 2.4% year-on-year, which left China with a trade surplus of 130 billion yuan ($18.46 billion) last month, according to Reuters calculations based on customs data.

For the first quarter, exports declined 11.4% from a year earlier, while imports dropped 0.7%, according to the customs.

Source: Reuters

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