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MNI BRIEF: China April Exports Slowed On Covid

MNI (Singapore)
SINGAPORE (MNI)
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China's foreign trade slowed in April with exports growing 3.9% - the least since June 2020 - led by shutdowns of factories in southeastern cities caused lockdowns to curb the spread of Covid-19, while imports were flat due to a high base effect last year, data from China Customs showed on Monday.

China's exports in the first four months were up 12.5% compared with a year ago. Imports grew 7.1% y/y in the same period, leading to an overall trade surplus of $212.93 billion.


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China's foreign trade slowed in April with exports growing 3.9% - the least since June 2020 - led by shutdowns of factories in southeastern cities caused lockdowns to curb the spread of Covid-19, while imports were flat due to a high base effect last year, data from China Customs showed on Monday.

China's exports in the first four months were up 12.5% compared with a year ago. Imports grew 7.1% y/y in the same period, leading to an overall trade surplus of $212.93 billion.