China's Q1 CNY-denominated exports surge 38.7% YoY, imports up 19.3%

China’s trade surplus in the first quarter of 2021 came in at CNY759.29 billion (USD115.99 billion), the latest data from the Customs showed on Tuesday.

Additional takeaways

China Q1 yuan-denominated exports +38.7% YoY.

China Q1 yuan-denominated imports +19.3% YoY.

China Q1 total trade with the united states +61.3% in yuan term.

China's foreign trade has been recovering and growing.

International economic landscape remains grim and complicated.

Foreign trade is 'faced with instability and uncertainties'.