China's export growth beats expectations but imports slip
China's export growth held up well in March, although analysts say the momentum could soon peter out with the world's second-largest economy set to slow sharply due to the Ukraine war and domestic COVID-19 lockdowns.
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BEIJING (Reuters) - China’s exports rose 14.7% in March from a year ago, while imports unexpectedly fell by 0.1%, marking the first decline since August 2020, customs data showed on Wednesday.
Analysts in a Reuters poll had expected exports to rise 13% after a 16.3% gain in January-February period.
Imports were expected to have risen 8% after increasing 15.5% in the first two months of the year.
China posted a trade surplus of $47.38 billion in March, versus a forecast for a $22.4 billion surplus in the poll. The country reported a $115.95 billion surplus in January-February.
Reporting by Stella Qiu, Ellen Zhang and Ryan Woo; Editing by Sam Holmes
