China’s exports rose 32.3.6% to 264bn dollars in April

a container port on the Yangtze River is seen in an aerial view in Nantong in eastern China’s Jiangsu province
a container port on the Yangtze River is seen in an aerial view in Nantong in eastern China’s Jiangsu province (AP)
6:14am, Fri 07 May 2021
CBAD8A00-D2B9-4E0E-ADDF-D0366C357A34 Created with sketchtool. E9A4AA46-7DC3-48B8-9CE2-D75274FB8967 Created with sketchtool. 65CCAE04-4748-4D0F-8696-A91D8EB3E7DC Created with sketchtool.

China’s exports surged 32.3.6% in April compared to the previous year as global demand revived despite the persisting coronavirus pandemic.

Exports rose to 264 billion dollars (£190 billion), in line with the previous month’s growth but down from the explosive 60.6% rise in the first two months of 2021, customs data showed on Friday.

Imports increased to 43.1%, accelerating from March’s 38.1% expansion.

Exports to the United States rose 30.8% over a year ago to 42 billion dollars despite a lingering tariff war with Washington, the General Administration of Customs of China reported. Imports of American goods rose 23.5% to 13.9 billion dollars.

China’s global trade surplus narrowed by 5% to 42.8 billion dollars, an indication demand is recovering faster in the country than in the rest of the world. Its political volatile surplus with the United States widened by 33.4% to 28.1 billion dollars.

Exporters have benefited from the relatively early reopening of China’s economy and demand for masks and other medical supplies while some governments are re-imposing anti-virus curbs that limit business and trade.

Traders are watching for signs of what US President Joe Biden might do about reviving tariff war talks with Beijing.

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