China's Imports Pick Up Further, Exports Strong In March
Muhammad Irfan Published April 13, 2021 | 09:40 AM
Beijing, (UrduPoint / Pakistan Point News - 13th Apr, 2021 ) :China's imports and exports boomed again in March, data showed Tuesday, reaffirming the recovery in the world's number-two economy continues apace and demand picks up in key overseas markets as they emerge from last year's crisis.
The readings highlight the impact of vaccines and the easing of containment measures are having, with expectations for further improvement over the next few months.
Imports soared a forecast-busting 38.1 percent on-year as the country's army of consumers increasingly return to some form of normality after last year's virus crisis forced businesses to shut and people to stay at home.
The figure was a huge increase from the 22.2 percent rise seen in January and February and is the biggest hike since February 2017.
Exports rose 30.6 percent, well off the 38 percent increase tipped in a Bloomberg forecast but still among the highest readings since early 2018. Overseas shipments jumped more than 60 percent in January-February.
The outsized increases are down to the fact that they are compared with a low base level from last year, when the pandemic was at its height in China and spreading elsewhere.
China's overall trade surplus was $13.8 billion, the customs data showed, while its trade surplus with the United States was $21.4 billion, up about 40 percent on-year.
The US trade surplus was a key point of contention during the trade war with former US President Donald Trumpbys/rox/dan
Related Topics
Recent Stories
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
More Stories From Business
-
Afghan trade delegation, FPCCI discuss bilateral trade
1 hour ago -
With knowledge economy, Mauritius is a stable economy: Envoy
2 hours ago -
Aurangzeb reiterates govt's resole to reduce poverty, promote sustainable development
2 hours ago -
Finance minister meets Chairman Anjuman-e-Tajran; discuss issues of business community
3 hours ago -
Govt ensuring digital access as fundamental right: Ahsan Iqbal
3 hours ago -
WHO delegation calls on Chairman FBR
3 hours ago
-
Bill drafted to regulate veterinary sciences and animal welfare: Tanveer
3 hours ago -
General Motors lifts 2024 profit forecast after strong Q1
4 hours ago -
Pakistan aims to reach $3 trillion economy by 2047: Ahsan Iqbal
4 hours ago -
Digital technologies play significant role in economic growth: Shaza
5 hours ago -
Experts raise concerns over introduction of 10-stick packs
5 hours ago -
SACM directs making technical institutes as skill imparting centres
6 hours ago