China exports decline by 7.5%, far more than forecast

Imports down 1.9% in dollar terms as March data overshadows positive factory signals

20240412 china exports

Containers and cargo vessels are pictured at the port of Qingdao in China's Shandong province. (China Daily via Reuters)

CK TAN, Nikkei staff writer

BEIJING -- China's exports in March decelerated sharply after four months of growth, reflecting the unstable recovery plaguing the world's second-largest economy.

Total overseas shipments declined 7.5% on the year in dollar terms, reversing the 7.1% gain in the first two months of 2024, according to data released by the country's customs office on Friday, hours later than usual.

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