China’s export boom slowed in April to its lowest level in two years as strict coronavirus control cuts to factory production and caused supply chain problems.
China’s exports in April rose 3.9% year-on-year, falling from + 14.7% in March, according to the General Directorate of Customs.
The data were corresponding to the estimates.
Imports remained unchanged in April compared to the same period last year, while several economists expected imports to shrink by 3% year-on-year in April.
The trade surplus stood at $ 51.5 billion in April, higher than analysts had expected $ 50.3 billion.
China announced a trade surplus of $ 47.38 billion in March.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
