Exports in April grew a robust 32% in April, also suggesting global recovery is on track
Published:
May 07, 2021 17:48
Bloomberg
The US remained the top export market for Chinese goods through April.
Image Credit: Bloomberg
Beijing: China's exports rose more than expected in April, suggesting its trade out-performance could last longer than expected this year, fueled by global fiscal stimulus.
Exports grew 32.3 per cent in dollar terms in April from a year earlier. Imports climbed 43.1 per cent, a sign of strong domestic demand and soaring commodity prices, resulting in a bigger-than-expected trade surplus of $42.85 billion for the month.
Global appetite for Chinese goods remained strong in the month, thanks to stimulus packages introduced by developed economies that's helped to fuel demand for household goods, furniture and electronic devices. With vaccine rollouts accelerating and more economies opening up, China's export growth was widely expected to moderate this year as consumers start to spend more on services. But April's data shows that hasn't happened yet.