Sina
Edition: CHINA ASIA USA EUROPE AFRICA
Home > Business
Monday, May 8, 2017, 13:13

China's trade surplus widens in April

By Xinhua
China's trade surplus widens in April
Chinese workers load goods for export at a port in Lianyungang, east China's Jiangsu province on April 13, 2017. (STR / AFP)

BEIJING – China's foreign trade surplus widened in April as import growth decline outpaced that of exports, customs data showed Monday.

Exports in yuan-denominated terms rose 14.3 percent year on year to 1.24 trillion yuan (US$179.8 billion), down from the 22.3-percent increase in March.

In the first four months, total trade volume added up to 8.42 trillion yuan, up 20.3% year on year

Imports expanded 18.6 percent to 979.1 billion yuan, compared with a 26.3-percent increase a month ago.

That leaves a trade surplus of 262.3 billion yuan, up 0.6 percent year on year. The surplus widened from 164.3 billion yuan seen in March.

In the first four months, total trade volume added up to 8.42 trillion yuan, up 20.3 percent year on year.

While the April trade growth fell short of expectations, customs data reflected improved trade structure.

READ MORE: Upward trend expected for China foreign trade

In the first four months, general trade expanded 21.6 percent year on year to 4.75 trillion yuan, accounting for 56.5 percent of the total trade volume.

Trade of private enterprises grew 21.7 percent to 3.17 trillion yuan in the first four months, accounting for 37.6 percent of the total, and 0.4 percentage points higher than the same period last year.

Despite rising protectionism and anti-globalization sentiment, China's imports and exports with major trade partners remained strong.

During the first four months, trade with the European Union gained 15.5 percent year on year to 1.24 trillion yuan, accounting for 14.8 percent of the total. Trade with the United States expanded 20.3 percent to 1.18 trillion yuan, making it China's second largest trade partner.

ALSO READ: China's Q1 trade surplus shrinks 35.7%

Customs data also showed that a leading indicator for China's exports rebounded from 40.2 to 40.7 month on month in April, signaling positive potential in exports.

Latest News