China Reports Trade Deficit in March

China reported a trade deficit of $884 million in March as imports rose more than exports. That compares with a trade surplus of $5.17 billion a year earlier and February's surplus of $15.3 billion.

In March, imports surged 14 percent from a year earlier while exports only rose by 10 percent. In the first three months of the year, exports rose 18.4 percent and imports grew 8.4 percent. Over the same period, China recorded a $43.1 billion trade surplus.

In March, imports from the United States increased 30.3 percent year-on-year while exports decreased 6.5 percent. Trade with the European Union was down both in exports (-14 percent) and imports (-5.6 percent). Trade with Japan also decreased; exports by 10 percent and imports 18.5 percent.
4/10/2013 10:21:18 AM