China’s exports rise to the highest in more than two years in March

China’s exports rise to the highest in more than two years in March

China recorded a trade surplus in March, as exports soared to the highest level in more than two years and imports moderated.

In dollar terms, exports advanced 16.4 percent in March from a year earlier, while imports surged 20.3 percent, resulting in a trade gap of $29.93 billion.

In February, overseas sales slipped 1.3 percent while imports climbed 38.1 percent.

Calculations in terms of yuan saw exports gaining 22.3 percent, while imports edging up 26.3 percent.  

The dollar was 0.08 percent lower against the yuan at 6.8863, as of 10:20 GMT.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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