China's export figures suddenly increased in March

In a statement by the Customs Administration in Beijing, it was announced that the export values in March showed a 14.8% increase in dollar terms compared to March of last year. Similarly, import values decreased by 1.4%. It was recorded that China had a trade surplus of $88.2 billion in March.

The spokesperson for the customs office stated in the announcement, "China's foreign trade in the first quarter showed relatively strong resilience and started the year with signs of improvement. However, challenges continue due to high global inflation, slowing growth in major economies, increasing protectionism, and geopolitical risks."

The increasing demand for exports to China in the last three years has provided strong support behind the world's second-largest economy. The support provided by the increase in export figures is enhancing China's competitiveness in the global market due to the weakness in the domestic market caused by the recession in the housing market and zero COVID restrictions.