China Trade Surplus Widens in April


Chinese trade surplus increased to USD 18.5 billion in April of 2014, more than double the USD 7.7 billion surplus in March, as exports and imports returned to growth.

Exports rose 0.9 percent year-on-year to USD 188.5 billion in April, following falls of 6.6 percent in March and 18.1 percent in February. Sales to the United States increased 12 percent in April, the most since November last year. Shipments to the European Union advanced 15.1 percent, to South Korea 13.5 percent; to Australia 6.1 percent and to Japan by 2.6 percent. In contrast, exports to Hong Kong and Taiwan fell 31.4 percent and 13.9 percent respectively, after dropping by 43.6 percent and 23.5 percent respectively in March.

Imports grew 0.8 percent year-on-year to USD 170 billion, after an 11.3 percent fall in March. While crude oil imports rose to a record high of 6.78 million barrels per day, purchases of iron ore surged to 83.39 million in April, the second highest monthly figure on record and imports of soybean rose 63.5 percent. 

China Trade Surplus Widens in April


Joana Taborda | joana.taborda@tradingeconomics.com
5/8/2014 11:14:12 AM