According to a report from China Voice's National News Network at 18:44, the Ministry of Commerce released the "2010 Spring Foreign Trade Situation Report" in the afternoon. The report highlighted that China's foreign trade has maintained a recovery trend since the end of last year, with a significant rebound and a continued decline in the trade surplus, which turned into a deficit in March. The first quarter saw a 44% increase in total import and export volume compared to the same period last year, driven by improved demand in both international and domestic markets. Exports rose by 29%, while imports surged by 65%, marking the highest growth rate for imports in recent years. As the pace of import growth outstripped that of exports, the trade surplus shrank sharply since October last year, leading to a $7.2 billion deficit in March — ending a 70-month period of surplus that had started in May 2004. The primary factors behind this shift include an imbalance between internal and external demand, with domestic demand growing faster than foreign demand. Additionally, rising import prices outpaced export price increases, contributing to higher import growth. Despite these challenges, the overall performance of China's foreign trade during the first quarter remained positive, with major commodities showing consistent growth and processing trade exports increasing in share. Trade with key partners also rebounded significantly, indicating an improving environment for China's foreign trade development. This data reflects a complex but generally positive outlook for China's trade sector as it continues to adjust to evolving global and domestic economic conditions. Jiangyin Boloni Clothing Co,.Ltd. , https://www.boloni-clothing.com