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Free AccessMNI 5 Things: China April Exports Rebound Strongly
By Flora Guo
BEIJING (MNI) - China's General Administration of Customs announced the
latest trade statistics on Tuesday. Below are five things we learnt from the
release:
- Exports rebounded strongly by 12.9% on a year-over-year basis to
USD200.44 billion, faster than MNI's surveyed 8.0% growth, and back in positive
territory after March's 2.7% drop. Export growth for the first four months rose
13.7% year-over-year to USD745.73 billion.
- The trade balance has corrected the deficit of USD4.98 billion in March
to a surplus of USD28.78 billion - very close to MNI's survey expectations of
USD28.6 billion - marking the second biggest surplus so far in 2018.
- Imports growth climbed to 21.5% y/y from a year earlier to USD 171.65
billion, stronger than the market consensus' 16.0% increase. The faster pace has
consolidated the solid momentum of imports in the first four months, which
increased by 19.6% to USD668.98 billion.
- Exports to China's top partners - the EU, the U.S., ASEAN and Japan,
whose trade value account for almost half of the total value - have all
increased in the first four months. The four partners' trade growth came in at
8.3%, 5.9%, 12.6% and 3.8% respectively.
- Imports of soybeans decreased in the first four months, according to
China Customs statistics. Soybeans imports dropped by 3.8% y/y to 26.49 million
tonnes in the Jan-Apr period.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MC$$$$,MI$$$$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.