China's overseas deliveries exceeded estimates as imports rose, while the global economy continued to support demand.
Exports rose 12.9 percent in US dollars in April, the Customs said Tuesday. Imports rose 21.5 percent and amounted to a trade surplus of $ 28.8 billion.
"The data show continued strong growth in domestic demand and a – albeit not too strong – recovery in foreign demand," said Dariusz Kowalczyk, Senior Emerging Market Strategist at Credit Agricole SA. The return to a trade surplus is welcome for the Yuan, he said.
The world's largest exporter continues to benefit from robust global demand, although trade with the US persists. The US last week called on China to reduce its trade deficit, and Beijing urged Washington to end its investigation of intellectual property practices in China. The talks will continue as President Xi Jinping's top economic advisor plans to visit Washington, the White House said Monday .
China's trade surplus with the US rose to $ 22.2 billion in April, the first time since that November, data compiled by Bloomberg show
President Donald Trump's threats of tariffs on some $ 150 billion of imports China still and Customs could be imposed after a public comment period ended on May 22nd. That would escalate tensions Beijing said the threats are prompting companies to accelerate trading activities in order to avoid potential tariffs.
"The data in April and May may be skewed by the expectation that the US-China tariffs will fall in early June, so both exports and imports in these two months could fare well as companies advance Issue orders, "said Tommy Xie, a Charter Finder at Oversea-Chinese Banking Corp. in Singapore. "Looking at the global environment, the recovery is still on track despite divergent performance in various economies, which is a good thing for China's exports."
– With support from Miao Han, Malcolm Scott, Kevin Hamlin and Xiaoqing Pi