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- China’s exports, imports fell in March but not as much as expected
China’s exports, imports fell in March but not as much as expected
CNBC said that China reported that its dollar-denominated exports and imports both fell from a year ago in March, but they were better than what economists had expected.
China's exports fell 6.6% in March from a year ago, while imports slipped 0.9% in the same month, data from the General Administration of Customs showed on Tuesday.
Economists had expected exports from China to fall 14% in March from a year ago, while imports were projected to fall 9.5% over the same period.
The country's March trade surplus was $19.9 billion, as compared with the $18.55 billion that economists had expected.
Earlier this year, China reported combined trade data for the months of January and February.
Over the two months, exports fell 17.2% from a year ago while imports fell 4% as the coronavirus outbreak put the brakes on the world's second largest economy.
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