Corporate news
Corporate news
China's export growth turned from negative to positive in April
May 12,2020

The value of China's trade in goods fell 0.7 percent in April from a year earlier to 2.5 trillion yuan, a 0.1 percentage point smaller than in March, according to the latest data released by the general administration of customs on Thursday.Among them, exports grew by 8.2% year on year, a significant improvement from last month's 3.5% decline.Imports fell by 10.2%;The trade surplus was 318.15 billion yuan, an increase of 2.6 times.

In dollar terms, the value of China's imports and exports fell 5 per cent in April from a year earlier, with exports rising 3.5 per cent and imports down 14.2 per cent.

In the first four months, the total value of China's imports and exports was 9.07 trillion yuan, down 4.9% year on year, 1.5 percentage points smaller than in the first quarter.Exports fell by 6.4%;Imports fell 3.2 per cent;The trade surplus was 415.7 billion yuan, down 30.4%.

Despite this, trade between China and asean continues to grow.From January to April, the total value of trade between China and asean was 1.35 trillion yuan, up 5.7% year on year. Asean continued to remain China's largest trading partner.As a result of the epidemic, the total value of China's trade with the eu, the us and Japan was all lower than that of the same period last year, with trade between China and the eu down 6.5%, trade between China and the us down 12.8% and trade between China and Japan down 2.1%, which was narrower than that in the first quarter.

In the first four months of the epidemic, China's exports of mechanical and electrical products such as mobile phones, clothing, toys, shoes, boots, bags and bags were all down from the same period last year. However, exports of textiles, including masks, bucked the trend and rose to 261.3 billion yuan, up 5.9% year on year.

On the import side, imports of iron ore, crude oil, coal, natural gas, soybeans and other commodities increased, including 170 million tons of crude oil, up 1.7%.Coal imports totaled 130 million tons, up 26.9 percent.