China's April exports grow 1.5%, imports increase 8.4%
Reuters
Published May 08, 2024 11:15PM ET
BEIJING (Reuters) - China's April exports grew 1.5% year-on-year, while imports increased 8.4%, customs data showed on Thursday, suggesting demand at home and abroad may be slowly returning in a boost to the economic recovery.
A Reuters poll of economists had forecast exports would increase 1.5%, after outbound shipments contracted 7.5% in March, and imports to grow 4.8%, compared with a contraction of 1.9% the month prior.
China posted a trade surplus of $72.35 billion in April, compared with a $77.50 billion surplus expected in the poll.
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Written By: Reuters
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