China: Trade balance rebounds in March
April 12, 2012
In March, exports grew 8.9% over the same month last year, after expanding 18.4% in February. Despite the deceleration, the reading came in above the 7.0% rise expected by the market. Imports moderated sharply from a 39.6% expansion in February to a softer 5.3% increase in March, which undershot market expectations, that had imports rising 9.0%. As a result, the trade balance swung from an all-time record deficit of USD 31.5 billion in February to a USD 5.4 billion surplus in March, which contrasted the USD 3.1 billion shortfall expected by market analysts.