According to customs statistics, the total value of China's imports and exports in March this year amounts to 162.02 billion USD, down 20.9 percent year-on-year. Exports in March dropped 17.1 percent year-on-year to 90.29 billion USD, and imports fell 25.1 percent year-on-year to 71.73 billion USD. The trade surplus in March was 18.56 billion USD, up 41.2 percent year-on-year.
The declining trend for China's imports and exports has stabilized in the first quarter of this year as a result of the reduced year-on-year decline in imports and exports in March.
China recorded a total import and export value of 428.74 billion USD in the first quarter, down 24.9 percent year-on-year, with exports dropping 19.7 percent from last year to 245.54 billion USD, and imports dropping 30.9 percent from last year to 183.2 billion USD.
This rate of decline is 2.3 percentage points lower than the first two months' year-on-year decreases. The accumulative trade surplus amounts to 62.34 billion USD, up 53.3 percent year-on-year.
By People's Daily Online
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