Chinese customs data points to a sizeable year-on-year expansion in the trade surplus for the first four months of 2019.
Data from the General Administration of Customs indicates that the total value of China’s goods trade for the period from January to April was 9.51 trillion yuan, for an increase of 4.3% compared to the same period last year.
Exports rose by 5.7% YoY to reach 5.06 trillion yuan, while imports were 4.45 trillion yuan, for an increase of 2.9%.
China’s trade surplus was 618.17 billion yuan, for an expansion of 31.8%.
In April China’s total trade was 2.51 trillion yuan, for a YoY rise of 6.5%. Exports were 1.3 trillion yuan, for an increase of 3.1%, while imports were 1.21 trillion yuan, for an expansion of 10.3%.