China’s Imports and Exports Rise in March 2021 – China Trade Data

27 April 2021

China’s exports increased at a robust pace in March 2021 in yet another boost to the nation’s economic recovery as global demand of goods picks up amid progress in worldwide Covid-19 vaccination. Also, China’s imports surged to the highest in four year during March 2021. As per Export Genius China trade data, China’s exports in dollar terms soared 30% in March from a year earlier, but a slower pace from a record 154% growth in February. Get a larger picture of China’s imports and exports from China trade statistics and shipping records.

The main reason behind China’s growth in exports was quick control over Covid-19 pandemic. Beijing managed to largely bring the coronavirus under control much earlier than many countries thanks to stringent anti-virus curbs and lockdowns at the initial phase of the outbreak last year. As per China export data, China posted a trade surplus of USD 13.8 billion last month.

China Exports (March 2020 – July 2020)

China recorded a positive growth in exports as value of shipments rose from March to July 2020. China export data shows China shipped goods worth USD 185.1 billion in March 2020, which rose to USD 237.5 billion in July month. Here is a quick analysis of dollar amount of China’s exports reported from March to July 2020.

China Imports (March 2020 – July 2020)

As far as imports are concerned, the value of import shipments recorded a fluctuation during Mar-Jul 2020. China’s imports totaled USD 165.9 billion in March 2020 and rose to USD 175.3 billion in July month. Below given chart shows dollar amount of China’s imports from March to July 2020.

Trade Challenges for China

China pointed to robust growth, with export orders returning to growth amid improving foreign demand. However, many analysts also believe exports could lose some momentum in the short term and the advantages of orders transferred from other countries due to coronavirus-related disruptions will begin to abate. The resurgent Covid-19 infections worldwide and constraints in global trade have left some companies grappling with prolonged delivery timeframes and surging prices of raw materials.

Car makers and electronic devices from televisions to smartphones are sounding alarm bells about a global shortage of chips, which is causing manufacturing delays as consumer demand bounces back from the covid-19 crisis. Another biggest trade challenge for China is to ease tensions with the United States. China’s trade surplus with the United States slipped to USD 21.3 billion in March 2021 from USD 23.01 billion in February.