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CN Mar USD-Denominated Exports Swell 12.4% YoY, Major Beat
Recommend 3 Positive 10 Negative 5 |
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Data from General Administration of Customs (GAC) of China showed that March's imports and exports totaled USD525.18 billion, up 31.8% MoM and 5% YoY. For 1Q25, the aggregate imports and exports reached USD1.43 trillion, up 0.2% YoY. Of which, March's exports amounted to USD313.91 billion, up 46% MoM and 12.4% YoY, sharply beating street consensus of a 4.6% YoY rise. The 1Q25 exports totaled USD853.67 billion, up 5.8% YoY. March's imports whopped USD211.27 billion, up 15.2% MoM but down 4.3% YoY, a steeper decline than the market’s expected 2.1% YoY drop. For 1Q25, the imports totaled USD580.7 billion, down 7% YoY. AAStocks Financial News |
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