China trade surplus widens in April, bigger-than-expected growth

China’s trade surplus surged to $90.21 billion in April 2023 from $49.47 billion in the same period a year earlier, easily beating market forecasts of $71.6 billion.

Exports rose by 8.5% y/y, the second straight month of increase, above market consensus of an 8% growth, while imports unexpectedly fell by 7.9% amid weakening domestic demand.

Meanwhile, the politically sensitive trade surplus with the United States widened to $29.68 billion in April from $27.6 billion in March. 

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