China’s trade surplus jumped to USD 47.38 billion in March 2022 from USD 11.83 billion in the same month a year earlier, easily beating market forecasts of USD 22.4 billion. Export extended their double-digit growth, increasing by 14.7 percent yoy; while imports fell 0.1 percent, the first drop since August 2020.
China’s trade surplus with the US rose by 50% yoy to USD 32.09 billion. Meantime, total trade with Russia grew 27.8% to USD 38.18 billion in Q1, while those with Ukraine increased 10.6%. Considering the first three months of the year, the goods posted a surplus of USD 162.9 billion.