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3w ago

China’s Export Growth Outpaces Expectations Despite US Tariff Pressures

April data shows an 8.1% rise in exports and a 0.2% dip in imports, with US-bound shipments dropping sharply by 21%.

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A China Shipping container is seen at the port of Oakland, as trade tensions escalate over U.S. tariffs with China, in Oakland, California, U.S., April 10, 2025. REUTERS/Carlos Barria/File Photo
Delivery couriers sort out parcels for their customers underneath a tunnel during a rainy day in Beijing, Friday, May 9, 2025. (AP Photo/Andy Wong)
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Overview

  • China's exports grew 8.1% year-on-year in April, reaching $315.69 billion, surpassing forecasts of a 1.9% increase.
  • Imports contracted by 0.2%, a smaller decline than the 5.9% drop economists had anticipated.
  • The trade surplus narrowed to $96.18 billion in April, down from $102.64 billion in March.
  • Exports to the United States fell significantly by 21%, reflecting the impact of reciprocal tariffs imposed in early April.
  • Trade negotiators from China and the US are meeting in Switzerland this weekend to discuss de-escalation of the tariff conflict.