China’s March trade data fall only 6.6 %, showing COVID-19 recovery

China reported that its dollar-denominated exports and imports were both down from a year ago in March, but they were better than what economists had expected.

China’s exports fell 6.6 pecent in March from a year ago, while imports slipped 0.9 percent in the same month, data from the General Administration of Customs showed on Tuesday.

Economists polled by Reuters 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 polled by Reuters had expected.