Chinese trade surplus at USD 32 bn in March FY19: Data

China's March exports rose 14.2 per cent from a year earlier, better than analysts' expectations, while imports dropped 7.6 per cent, a sharper decline than forecast, official data showed on Friday. That left the country with a trade surplus of $32.64 billion for the month, according to Reuters calculations based on the data from the General Administration of Customs.

Analysts polled by Reuters had expected March shipments from the world's largest exporter to have increased 7.3 per cent from a year earlier, after a sharp drop of 20.8 per cent in February. Imports were expected to have dropped 1.3 per cent, narrowing from 5.2 per cent fall in the preceding month. The trade surplus had been tipped at $7.05 billion last month from February's $4.08 billion.

Analysts caution that Chinese data is often highly volatile early in the year, due to massive business disruptions caused by the long Lunar New Year holidays, which began in early February this year. China's economy is expected to slow to 6.2 per cent this year, the weakest in nearly 30 years, according to a Reuters poll, as sluggish demand at home and abroad weighs on activity despite a flurry of policy support measures.

(With inputs from agencies.)