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China’s Trade Fell Less Than Expected But More Pain Lies Ahead

Updated on
  • Asean nations overtake EU as China’s largest trade partner
  • Trade surplus narrows as exports contract more than imports

China’s trade performed better than expected in March, though economists said the full impact of the shutdowns rippling across the global economy are yet to be felt.

Exports declined 6.6% in dollar terms in March from a year earlier, while imports fell 0.9%, the customs administration said Tuesday. Economists had forecast that exports would decline by 13.9% while imports would shrink by 9.8%. The trade balance narrowed to $19.9 billion in the month.