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Apr 14, 2021 09:04 AM (GMT+8) · EqualOcean
CITIC Securities pointed out that the export growth rate in March was slightly lower than expected, but continued to maintain a high level. The prosperity of mechanical and electrical products was still strong, indicating that the "substitution effect" of the supply chain was still continuing. On the other hand, the growth rate of imports was further accelerated with the increase of import demand of bulk commodities, with a year-on-year growth of 38.1%, which narrowed the trade surplus to US $13.8 billion in March. In the future, we believe that the relatively strong domestic and foreign demand will continue to be reflected in the performance of import and export activities in the second quarter, and the high momentum of foreign trade is expected to continue.

This text is a result of machine translation.