China reports 28.7 billion US dollars trade surplus in April

World
Europe

China’s yuan-denominated exports in April rose 3.7 percent year-on-year, and imports rose 11.6 percent, leaving a trade surplus of 182.8 billion yuan (28.7 billion US dollars), the General Administration of Customs said on Tuesday.

Trade volume in the first four months increased by 8.9 percent from a year earlier to 9.11 trillion yuan, including 4.81 trillion yuan in exports and 4.3 trillion yuan in imports, and the trade surplus shrank 24.1 percent year-on-year to 506.2 billion yuan.

China’s trade turnover with the EU increased by 8.3 percent year on year to 1.34 trillion yuan in the first four months, accounting for 14.7 percent of China’s total foreign trade.

As the China-US trade tensions persist, trade volume between the world’s two largest economies grew 5.9 percent to 1.24 trillion dollars for the first four months. The number takes up 13.6 percent of the overall overseas trade.

China’s trade performance has got off to a strong start this year, following through on a solid rebound in 2017, supported by sustained demand at home and abroad.