Overview

• China's overall trade grew by 5.7% in the first four months of 2024, with exports up by 4.9% and imports increasing by 6.8%.
• April witnessed an 8% increase in foreign trade, marking a sharp recovery from previous declines.
• Significant growth in trade with emerging markets and ASEAN countries, with exports to ASEAN up 8.5% year-on-year.
• China's trade surplus expanded to $72.35 billion in April, significantly higher than in March.
• Economic policies and global demand shifts contribute to the trade recovery, despite ongoing global economic challenges.