MNI BRIEF: China April Exports Up, Imports Kept Strong

China's Exports in April reported 14.1% growth to USD359.44 billion, fastened from the previous 2.5% rise last month and exceeding the consensus of 8.4% increase, while Imports increased 25.3% y/y in April, faster than the 20.0% market consensus, data released by China Customs showed on Saturday.

China’s trade surplus in April hit USD84.82 billion, taking Jan-Apr’s surplus to USD347.70 billion. Surplus in April rebounded from last USD51.13 billion and close to the consensus of USD85.10 billion. 

Exports to the U.S. fell 10.2% y/y in Jan-Apr period, while imports declined 10.9%. Exports to the EU rose 19.0% over the same period, with imports up 11.5%.