BEIJING, April 13 (Reuters) - China's exports grew at a
robust pace in March in yet another boost to the nation's
economic recovery as global demand picks up amid progress in
worldwide COVID-19 vaccination, while import growth surged to
the highest in four years.
The data suggests the world's second largest economy will
continue to gather momentum as it emerges from the COVID-19-led
slump in early 2020, though a lagging consumer rebound, a
resurgence in COVID-19 cases in many countries and Sino-U.S.
tensions have raised risks for the outlook.
Exports in dollar terms soared 30.6% in March from a year
earlier, but at a slower pace from a record 154.9% growth in
February. The analysts polled by Reuters have forecast a 35.5%
jump in shipments. Imports grew 38.1%.
Following is a breakdown of China's exports and imports with
its biggest trade partners in March.
March Exports Imports Balan Exports +/- Imports +/- %
($ bln) ($ bln) ce ($ % y/y y/y
bln)
Japan 13.5 19.2 -5.7 7.6% 30.4%
South Korea 11.6 17.8 -6.2 20.9% 22.7%
Taiwan 6.1 21.3 -15.1 25.5% 40.6%
European 36.6 27.5 9.0 45.9% 33.8%
Union
USA 38.7 17.3 21.4 53.3% 74.8%
Australia 4.5 13.2 -8.7 23.1% 47.3%
ASEAN 37.7 33.1 4.6 14.4% 38.4%
(Reporting by Gabriel Crossley; Editing by Shailesh Kuber)
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