April 13, 2018 / 3:45 AM / a year ago

China's March yuan-denominated exports -9.8 pct y/y, imports +5.9 pct

BEIJING, April 13 (Reuters) - China’s exports denominated in yuan rose 7.4 percent in the first quarter from a year earlier, the General Administration of Customs said on Friday.

Yuan-denominated imports rose 11.7 percent over the same period, resulting in a trade surplus of 326.18 billion yuan ($51.85 billion) for the first quarter.

March exports fell 9.8 percent on-year, while imports rose 5.9 percent. That produced a trade deficit of 29.78 billion yuan.

China’s trade performance has got off to a strong start this year, following through on a solid rebound in 2017, thanks to sustained demand at home and abroad.

But the export outlook is being clouded by an escalating trade dispute with the United States, which could disrupt its shipments and supply chains, while a cooling property market may curb China’s demand for imported raw materials such as iron ore. ($1 = 6.2903 Chinese yuan renminbi) (Reporting by Elias Glenn and Beijing Monitoring Desk; Editing by Shri Navaratnam)

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