Home / Knowledge / News / Textiles / Trade surplus shows obvious decline in March

Trade surplus shows obvious decline in March

Apr '07
The figures released on April 10 by the General Administration of Customs showed that China's import and export value hit US $457.74 billion from January to March, an increase of 23.3 percent on year-on-year basis. Exports were $252.09 billion, rising 27.7 percent; imports were $205.65 billion, up 18.2 percent.

Customs statistics showed that import and export value in March scored $159.99 billion, an increase of 10.4 percent. Trade surplus fell to $6.87 billion, the first dropping under $10 billion since March 2006. Trade surplus expanding momentum reduced remarkably.

China obtained an export growth of 6.9 percent, significantly lower than the growth rate of over 30 percent in the preceding two months; while imports reached $76.56 billion, increasing by 14.5 percent, still on a normal and stable level.

According to customs statistics, in the first quarter, EU was the largest trading partner, with bilateral trade in $75.39 billion, a growth of 30.3 percent, seven percent higher than the growth rate of the same period of China's overall trade development.

The US was China's second largest trade partner, with Sino-US bilateral trade value reaching $66.72 billion, an increase of 20.1 percent.

Trade surplus with the US posted an obvious decline, from $12.25 billion in February to about $9.5 billion in March. The slowdown in exports to EU countries stayed within normal fluctuation.

In March, export growth rates of steel, containers, aluminum ingots and other bulk commodities maintained at more than 100 percent, while textile and clothing exports fell sharply, which greatly affected the surplus size of the month.

Must ReadView All

Pic: Shutterstock

Textiles | On 17th Sep 2021

UK again delays post-Brexit import trade controls

The United Kingdom has again delayed the implementation of some...

Pic: Shutterstock

Retail | On 17th Sep 2021

American retailers oppose business tax rate increases

The National Retail Federation (NRF) has opposed the proposed...

Pic: Shutterstock

Apparel/Garments | On 17th Sep 2021

Bangladesh looking to boost man-made fibre apparel exports: TexPro

Bangladesh is looking to focus on the man-made fibre apparel market...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

India-EU Summit, Representatives

India-EU Summit

India-EU FTA will provide EU with better access to a huge & rapidly...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Shaan Sethi, Jaanuu

Shaan Sethi

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search