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China’s exports surge, imports dip in March

May 11, 2016


Abstract : Customs data showed that China's exports staged a turnaround in March, while a decline in imports narrowed.

BEIJING --- Customs data showed that China's exports staged a turnaround in March, while a decline in imports narrowed.

Exports increased 11.5 percent on-year to 160.8 billion US dollars, beating the 10 percent rise economists predicted in a Bloomberg survey, according to the data.

Imports, however, fell for the 17th consecutive month, albeit at a slower pace, dropping 7.6 percent on-year to 131.0 billion US dollars, Customs said.

The following table shows the value of China's exports and imports with its trade partners by country and region in March as well as the figures for the first quarter.

Table: Total value of exports and imports by country/region in March of 2016

Unit: thousand U.S. dollars

Importing Country/Region of Origin

Exports

Imports

Year on year for Jan.-Mar.

Export Destination Country/Region

March

Jan.-Mar.

March

Jan.-Mar.

Exports

Imports

Total Value

160,813,329

463,931,114

130,956,404

338,205,177

-9.6

-13.5

Asia

85,780,064

233,463,036

73,077,481

191,369,803

-8.8

-12.8

Africa

6,531,357

20,683,076

4,546,682

12,531,168

-18.0

-23.8

Europe

28,084,867

86,830,535

25,768,293

62,972,139

-6.1

-10.8

Latin America

7,696,028

24,032,987

7,088,247

19,565,705

-23.0

-3.8

North America

29,153,626

87,616,369

14,431,809

35,589,874

-9.4

-14.7

Oceania

3,567,386

11,305,112

5,943,549

15,991,718

-0.7

-26.5

ASEAN

21,635,117

58,480,861

15,494,808

40,166,135

-13.7

-8.4

EU

24,645,735

76,663,600

19,253,706

46,832,019

-6.9

-7.0

APEC

105,078,141

292,395,565

89,531,616

230,966,829

-8.8

-11.2

 

(Source: GAC, Xinhua Silkroad Database, http://db.silkroad.news.cn/en/)

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Note:

ASEAN: Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam

EU: Belgium, Denmark, the United Kingdom, Germany, France, Ireland, Italy, Luxembourg, the Netherlands, Greece, Portugal, Spain, Austria, Finland, Sweden, Cyprus, Hungary, Malta, Poland, Estonia, Latvia, Lithuania, Slovenian, the Czech Republic, Slovakia, Bulgaria, Romania and Croatia.

APEC: Brunei, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand, Vietnam, the People's Republic of China, Taiwan, Russia, Chile, Mexico, Peru, Canada, the United States, Australia, New Zealand, Papua New Guinea.

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Keyword: Customs

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