Chinese exports rose 14.7% in April, better than expected

General Administration of Customs yesterday released the China’s foreign trade data for the first four months of this year. Based on the customs statistics, from January to April, China’s import and export value totaled 8.36 trillion yuan (equivalent to 1.33075 trillion U.S. dollars), net of exchange rates increased by 14% compared to the same period last year. Exports reached 4.37 trillion yuan ($ 695.87 billion U.S. dollars), an increase of 17.4%; imports totaled 3.99 trillion yuan ($ 634.88 billion U.S. dollars), up 10.6 percent; trade surplus reached 383.46 billion yuan (60.99 billion U.S. dollars).

In term of the bilateral trade with major trading partners, trades with EU, Japan declined, and a stable growth of trades is witnessed in relation to the United States, the ASEAN. According to customs statistics, in the first four months, China-EU bilateral trade value $ 168.16 billion, down 1.3%. Bilateral trade between the United States and China amounted to 159.74 billion U.S. dollars, an increase of 9.4%. In the first four months, the mainland and Hong Kong bilateral trade valued 150.59 billion U.S. dollars, an increase of 66%. Over the same period, the total value of trade between the ASEAN and China reached $ 138.97 billion, an increase of 18.1%. Sino-Japanese bilateral trade achieved a total value of $ 97.98 billion, an decline in of 8.5%.

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