China Customs Statistics

China's April Trade: Imports Up 8.4%, Exports Rise 1.5%, Surpassing Expectations

May 9, 2024, 03:14 AM

In April, China's trade figures showed significant growth, with imports increasing by 8.4% year-over-year, surpassing the expected 4.7% rise. Exports also saw a rise, growing by 1.5% year-over-year against an expected increase of 1.3%, and totaling 7.81 trillion yuan for the first four months. This performance contributed to a total trade value of 13.81 trillion yuan for the first four months of the year, marking a 5.7% increase from the previous year, with imports totaling 6.00 trillion yuan. Notably, the trade surplus for April was $72.35 billion, which did not meet the expected $81.00 billion. Key imports included 10.296 million tons of natural gas and 44.721 million tons of crude oil, while exports included 4.551 million tons of oil products.