China reports first monthly trade deficit in USD terms since Feb 2017

The China customs published trade balance for March in USD terms, reporting a trade deficit on massive imports surge.  

In USD terms,

Trade Balance (USD) Mar came in at -4.98B versus 33.374B previous.

Exports (YoY) Mar: -2.7% vs. +44.5% last.

 Imports (YoY) Mar: +14.4% vs. +6.3% last.