Latest trade data from China showed that growth in exports in other regions in 2019 so far was merely enough to offset contraction of -9.7% ytd yoy in exports to US. Total export grew a mere 0.2% ytd yoy. On the other hand, total exports contracted -2.5% ytd yoy, as dragged down by -30.4% ytd yoy contraction in exports from US. Trade with EU remained relatively healthy.
In USD terms, in April,
- Total trade grew 0.4% to USD 373.14B.
- Exports contracted -2.7% yoy to USD 193.49B.
- Import rose 4.0% yoy to USD 179.65B.
- Trade surplus came in at USD 13.84B
In USD terms, from January to April total:
- Total trade contracted -1.1% yoy to USD 1399.82B.
- Exports rose 0.2% yoy to USD 744.61B.
- Imports dropped -2.5% to USD 655.21B.
- Trade surplus came in at USD 894.0B.
With US, from January to April total
- Total trade contracted -15.7% yoy to USD 161.2.
- Exports to US contracted -9.7% yoy to USD 122.4B.
- Imports from US dropped -30.4% yoy to USD 39.8B.
- Trade surplus came in at USD 82.6B.
With EU, from January to April total:
- Total trade grew 5.9% yoy to USD 220.1B.
- Exports to EU rose 8.3% yoy to USD 131.5B.
- Imports from EU rose 2.5% yoy to USD 88.5B.
- Trade surplus came in at USD 43B.
With AU, from January to April total:
- Total trade grew 6.65 yoy to USD 51.1B.
- Exports to AU rose 3.4% to USD 14.3B.
- Imports from AU rose 7.9% to 36.8B.
- Trade deficit came in at USD -36.8B.
