China’s first quarter trade surplus with U.S. rises 19.4 percent year on year

BEIJING (Reuters) – China’s trade surplus with the United States rose 19.4 percent in the first quarter to $58.25 billion from the same period a year earlier, customs said on Friday.

China’s March trade surplus with the U.S. fell to $15.32 billion, according to Reuters calculations based on official data, compared with $20.96 billion for February.

The data follows weeks of tit-for-tat tariff threats by Washington and Beijing, sparked by U.S. frustration with China’s massive bilateral trade surplus and intellectual property policies, which have fueled fears of a global trade war.

China’s exports to the U.S. increased 14.8 percent from a year earlier in January-March period, spokesman Huang Songping told a briefing in Beijing, while imports from the U.S. also rose 8.9 percent.

Customs has not yet released the data for March.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.