China exports see surprise 3.5% jump in April, imports fall

BEIJING - 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.

 

Source: https://www.zawya.com/mena/en/economy/story/China_April_exports_unexpectedly_rise_35_yy_imports_down_142-TR20200507nB9N2C4027X4/

 

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