China trade falling short of expectations during April
CHINA’s overall trade surplus fell short of prospects for April, as exports fell and imports rose, reports CNBC.
Customs data showed that the trade surplus for April came in at US$13.84 billion, much lower than the $35 billion economists polled by Reuters had expected, and below the $32.65 billion posted in March.
China imports rise slightly with 4% year-on-year during April
Dollar-denominated exports also did not meet forecasts for April, falling 2.7 per cent from a year ago, according to data from China’s General Administration of Customs. The economists polled by Reuters expected an increase of 2.3 per cent from a year earlier.
However, April imports unexpectedly rose by four per cent from a year ago, compared to a decline of 3.6 per cent that economists predicted. Imports in March fell 7.6 per cent. China’s trade surplus with the US, meanwhile, rose to $21.01 billion in April from $20.5 billion in March.