China's April Exports Rise 3.5%... 'Surprise' Rebound

[Asia Economy Beijing=Special Correspondent Park Sun-mi] Contrary to market expectations of a double-digit decline, China's exports in April increased by 3.5% compared to the same period last year.

According to the General Administration of Customs of China on the 7th, China's dollar-denominated exports in April rose by 3.5% year-on-year. Experts had anticipated a double-digit decrease, but the easing of population movement restrictions and efforts to normalize the economy due to the calming COVID-19 situation in China led to an increase in exports. Additionally, the rise in China's medical supplies exports amid the global COVID-19 environment also contributed to the export growth.

During the same period, imports decreased by 14.2% year-on-year, resulting in a trade surplus of $45.34 billion for China in April. The surplus was significantly higher than the $5.35 billion predicted by experts.

In March alone, China's exports had decreased by 6.6% year-on-year, and imports had declined by 0.9%.

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