China’s April Trade Balance: Trade surplus expands, imports and exports show a solid increase

China’s Trade Balance for April, in Yuan terms, came in at CNY276.5 billion versus CNY87.98 billion last.

The exports in the fourth month of 2021 surged 22.2% vs. 30.7% expected and 20.7% last.

Imports jumped by 32.2% vs. 12.6% expected and 27.7% prior.

In USD terms,

China reported a massive increase in the trade surplus, as imports and exports both surged above forecasts.

Trade Balance came in at +42.85B versus +28.10B expected and +13.80 previous.

Exports (YoY): +32.3% vs. +24.1% exp. and +30.6% last.

Imports (YoY): +43.1% vs. +42.5% exp. and +38.1% last.

Additional takeaways

China Jan-April exports to the US +49.3% in yuan terms.

China Jan-April imports from the US +53.3% in yuan terms.

China Jan-April trade surplus with the US at 653.89B yuan.