China's Total Export in April Takes an Unexpected Upturn of 3.5%
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The pandemic is raging across the globe and strict quarantine is enforced in major economic entities. Enormous pressure is expected to cast on China's trade. However, the country took an unexpected upturn as General Administration of Customs of China released April trade statistics on its officail website in May.
China's total trading (import plus export) value in April declined 5% to USD 355.22 billion. The total export increased 3.5% to USD 200.28 billion; the total import decreased 14.2% to USD 154.94 billion. The April trade surplus increased to USD 45.34 billion.
According to General Administration of Customs of China, for the January-to-April period, China's total trading (import plus export) value was USD 1.3 trillion, down 7.5%. The export value dropped 9% to USD 678.2 billion; the import value dropped 5.9% to 620.05 billion. The April trade surplus decreased 32.6% to USD 58.23 billion.
The total trading value between the U.S. and China dropped 12.8%. China exported a total value of RMB 702.28 billion to the U.S., down 15.9%, and imported a total value of RMB 256.18 billion from the U.S., down 3%. The trade surplus with the U.S. was RMB446.1 billion.