Market Updates
China's Export Growth Slowed In April, Weak Domestic Demand Dragged Imports for 7th Month
Brian Turner
09 May, 2023
New York City
China's international trade data showed a sustained recovery for its goods for the second month in a row but weak demand at home led to the decline in imports for the seventh month in a row.
China's exports rose 8.5% from a year ago in April to $295.42 billion, slower than the 14.5% rise in March according to the latest data released by the General Administration of Customs of China.
Imports declined 7.9% in April to $205.21 billion, down from a 1.4% decline in March.
Trade surplus in April soared to $90.21 billion from $49.47 billion a year ago.
On a monthly basis, exports decreased 6.4% and imports fell 9.7%.
China's exports markets showed a varied level of performance as trade with the U.S. shrank but exports advanced to the European Union and the ASEAN or Association of Southeast Asian Nations.
Exports to the U.S. declined 6.5% from a year ago and imports decreased 3.1%.
Russia's reliance on China deepened as China's exports rose 153% but imports increased at a slower pace of 8.06%.
However, exports to the European Union advanced 3.87% and imports from the region eased 0.12%.
Trade with the ASEAN region showed a mixed picture, while imports decreased 6.25%, exports to the region increased 4.49%.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|