KURE - China trade surplus larger than expected despite sharp jump in exports

2023-04-13 00:35:56 ET

• China reported a decline in the trade surplus even as exports unexpectedly jumped during the March period.

• China's trade surplus widened to USD 88.19 billion in March 2023 from USD 44.35 billion in the same period a year earlier, easily beating market forecasts of USD 39.2 billion.

• Exports unexpectedly jumped by 14.8% Y/Y, the first increase in six months, the fastest pace since last July, while imports dropped a smaller-than-expected 1.4%, amid weakening domestic demand.
• ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ), ( CYB ).

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