China’s overall trade surplus fell short of expectations for April, as exports fell and imports rose, said CNBC.
Customs data on Wednesday showed that the trade surplus for April came in at $13.84 billion, significantly lower than the $35 billion economists polled by Reuters had expected, and below the $32.65 billion posted in March.
Dollar-denominated exports also did not meet forecasts for April, falling 2.7% from a year ago, according to data from China’s General Administration of Customs. The economists polled by Reuters expected an increase of 2.3% from a year earlier.
However, April imports unexpectedly rose by 4% from a year ago, compared to a decline of 3.6% that economists predicted. Imports in March fell 7.6%.China’s trade surplus with the US, meanwhile, rose to $21.01 billion in April from $20.5 billion in March, the data showed.