China's foreign trade showed renewed momentum in April, with official data revealing a 5.6% year-on-year rise in total goods imports and exports measured in yuan. The growth signals a resilient economic performance amid shifting global demand patterns.
Customs data released Friday highlights a sharp 9.3% export surge to 2.27 trillion yuan ($314 billion), while imports grew modestly at 0.8% to 1.57 trillion yuan. This brings China's January-April trade volume to 14.14 trillion yuan – a 2.4% overall increase from 2023 levels.
The breakdown shows evolving trade dynamics: exports climbed 7.5% year-to-date through April, contrasting with a 4.2% import decline. Analysts note this reflects both recovering international manufacturing demand and China's strategic export diversification efforts across emerging markets.
With April's trade surplus reaching 513.5 billion yuan, these figures will interest businesses monitoring supply chain trends and investors assessing Asia's largest economy. The growth coincides with recent trade fair expansions, including April's Canton Fair which showcased strengthened industrial partnerships with ASEAN and Middle Eastern nations.
As global markets watch for stabilization signals, China's export-driven performance offers insights into regional economic health and evolving trade corridors shaping Asia's commercial landscape.
Reference(s):
cgtn.com