BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/15
While the March value of exported goods rose 12 % y-o-y in US dollars, most of the increase in exports reflects the relatively low comparison figure for March 2015. The drop in goods imports slowed as imports in dollars last month fell 8 % y-o-y. Dollar appreciation hurt trade figures. In March, the central bank’s reference yuan-dollar rate was 6 % weaker than in March 2015.