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Benzinga
  • 12 hours ago
China's export growth slowed to 2.5% in March from nearly 40% in February, missing forecasts, while imports surged nearly 28% driven by chip demand. The trade surplus narrowed to $51B, the smallest in over a year. Exports to the U.S. fell more than 26%. Integrated circuit exports rose 78% in Q1, with high-tech items up nearly 30% and mechanical and electrical products climbing over 20%.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:03China's export growth slowed to 2.5% in March from nearly 40% in February,
00:08missing forecasts as seasonal factors and a high comparison-based weight on shipments,
00:12while imports surged nearly 28%, driven by demand for high-tech products such as chips.
00:18The trade surplus narrowed to $51 billion, the smallest in more than a year.
00:24The data followed market disruption tied to the Iran conflict,
00:27which raised energy costs and pressured factory profits.
00:30Exports to the U.S. fell more than 26%.
00:33Integrated circuit exports rose 78% in the first quarter,
00:37while high-tech items increased nearly 30%,
00:40and mechanical and electrical products climbed over 20%.
00:43Economists said seasonal effects distorted the data, and export momentum remains intact.
00:48For all things money, visit Benzinga.com.
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