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China's trade surplus experienced a significant rise, reaching USD 102.64 billion in March 2025, compared to USD 58.65 billion recorded in March of the previous year. This figure notably surpassed market projections, which anticipated a surplus of USD 77 billion. The substantial increase was primarily attributed to a 12.4% year-on-year boost in exports—the most rapid growth observed in four months—far exceeding the expected 4.4% increase, as manufacturers expedited shipments in response to impending tariffs by U.S. President Trump. On the other hand, imports saw a decline of 4.3%, which was greater than the market prediction of a 2% decrease, following an 8.4% reduction in the January-February timeframe.
