HomeLive CommentsChina trade surplus shrank again as exports contracted in April

China trade surplus shrank again as exports contracted in April

ActionForex
By ActionForex

China’s trade surplus shrank again in April to USD 13.84B, down from USD 32.67B and missed expectation of USD 34.56B. Exports dropped -2.7% yoy versus expectation of 3.0% yoy. On the other hand, imports rose 10.3% yoy versus expectation of -3.0% yoy.

In CNY terms, trade surplus narrowed sharply to CNY 93.57B, down from 221.23B, missed expectation of CNY 216.75B. Exports grew merely 3.1% yoy versus expectation of 8.0% yoy. Imports rose 10.3% yoy versus expectation of 3.0% yoy.

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