China’s total international trade volume of goods and services reached about 3.94 trillion yuan, or 570.5 billion US dollars, in March 2023, up 2 percent year on year.
According to the Chinese news agency “Xinhua” today, quoting official data, commodity exports amounted to about 1.85 trillion yuan, and imports approached 1.51 trillion yuan, resulting in a surplus of 344.1 billion yuan.
According to the China National Foreign Exchange Administration, service exports totaled 226.4 billion yuan last month and service imports reached 346.1 billion yuan, leaving a trade deficit of 119.7 billion yuan.
The data revealed that the transportation sector was the largest contributor to service trade, with trade volume in this sector reaching 153.5 billion yuan.
