China's April Exports Increase by 8.5%... Imports Plunge 7.9%

China's export growth rate in April recorded 8.5% year-on-year, slightly exceeding expectations. Imports declined further, resulting in a trade surplus of over $90 billion.

According to China's General Administration of Customs on the 9th, China's exports in April increased by 8.5% compared to the same period last year, slightly surpassing the forecast (8.0%). Compared to the previous month (14.8%), the rebound was smaller. The monthly export growth rate had been negative since October last year (-0.3%) and remained below zero until January and February, before turning positive in March.

China's imports in April sharply declined by 7.9% year-on-year, widening the negative margin compared to the previous month (-1.4%). The import recovery was slower than market expectations (-5.0%).

With exports continuing to recover and imports decreasing, China's trade balance recorded a surplus of $90.21 billion (approximately 119.3478 trillion KRW), surpassing the previous month's figure ($88.19 billion). It also exceeded market expectations ($71.06 billion).

This content was produced with the assistance of AI translation services.