Export figures fall short of predictions, rising by 2.5%, while imports grow by 27.8% as conflict in Middle East causes global disruption.

China’s export growth softened and imports rose considerably in March, as disruptions in the Strait of Hormuz drove up transport costs and commodity and energy prices. Exports rose 2.5 per cent year on year to US$321.03 billion in March, according to data released by China’s General Administration of Customs on Tuesday. The reading fell short of the 4 per cent growth forecast by economists polled by the financial data provider Wind. Imports grew by 27.8 per cent last month – the most since…

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