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China swings back to trade surplus

China,Business/Economy, Tue, 10 Apr 2012 IANS

Beijing, April 10 (IANS) China swung back to trade surplus in March from February's deficit of $31.48 billion, posting $670 million trade surplus in the first quarter, authorities said Tuesday.

 

The country's foreign trade in March rose 7.1 percent year-on-year to reach $325.97 billion, with a trade surplus of $5.35 billion, the General Administration of Customs (GAC) said Tuesday.

 

 

Exports amounted to $165.66 billion in March, up 8.9 percent year-on-year, while imports reached $160.31 billion, the GAC data showed.

 

For the first quarter, China's imports and exports expanded 7.3 percent from a year ago to reach $859.37 billion, according to the GAC.

 


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