Opinion: What’s Behind China’s Surprising Export Surge in March

China’s exports soared 14.8% year-on-year in U.S. dollar terms in March. The uptrend, which came on a high comparison base from March last year when exports rose 14.7%, beat market expectations.

March’s strong performance meant that for the first quarter of 2023 as a whole, exports grew 0.5% year-on-year, reversing a 6.8% year-on-year contraction in the January-February period.