China’s exports rose in April, signalling resilience in the face of US “reciprocal” tariffs unveiled last month.
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China’s April exports grew by 8.1 per cent year on year to US$315.69 billion, customs data showed on Friday.
The figure beat market expectations of a 1.9 per cent increase in a poll of economists by Reuters, and followed a 12.4 per cent rise in March.
Exports to the United States fell by 21 per cent, compared with a 9.09 per cent rise in March.
Imports, meanwhile, fell by 0.2 per cent year on year, compared with a 4.3 per cent contraction in March. The economists polled by Reuters had predicted a 5.9 per cent drop.
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China’s trade surplus stood at US$96.18 billion in April, down from US$102.64 billion in March.
US President Donald Trump announced so-called reciprocal tariffs of up to 145 per cent on a range of Chinese imports on April 2. In retaliation, China imposed duties of up to 125 per cent on American goods.
