May 7, 2020 / 3:17 AM / 21 days ago

China April exports unexpectedly rise 3.5% y/y; imports down 14.2%

BEIJING, May 7 (Reuters) - China’s exports rose 3.5% in April from a year earlier, confounding market expectations for a sharp fall, as factories restarted production after the coronavirus pandemic, customs data showed on Thursday, while imports shrank 14.2%.

Analysts in a Reuters poll had forecast exports would tumble 15.7% from a year earlier after a 6.6% drop in March.

Imports were estimated to have contracted 11.2%, worsening from a slide of 0.9% in March.

China posted a trade surplus of $45.34 billion last month, compared with the poll’s forecast for a $6.35 billion surplus and $19.93 billion surplus in March. (Reporting by Stella Qiu and Ryan Woo; Editing by Jacqueline Wong)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below