China’s Trade Up in April

China’s exports and imports rose in April from the year-ago period, government data showed on Thursday, defying expectations for a dip on both figures.

Exports climbed 0.9 percent in April from the year-ago period, the Customs Administration said, much better than the 1.7 percent dip a Reuters poll of analysts had predicted and versus a fall of 6.6 percent in March.

Imports, meanwhile, rose an annual 0.8 percent, against a Reuters forecast for a 2.3 percent drop and compared to a 11.3 percent slump in March.  This brings trade surplus for the month to 112.2 billion yuan ($18 billion).  The commerce ministry said trade picture will likely improve further after May.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.