Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

China's imports jump 8.4% in April, exceeding expectations as purchases from the U.S. grow

BEIJING — China's customs agency released data Thursday that showed exports rose in-line with expectations in April, while imports surged ahead of forecasts.

Chinese imports from the U.S., European Union and Russia rose last month, despite a drop in exports to all three, according to CNBC calculations of official data.

Worldwide, China's exports rose by 1.5% year-on-year in April in U.S. dollar terms, while imports climbed by 8.4%, the data showed.

Exports were expected to have grown by 1.5% year-on-year, and imports up by 4.8% from a year ago, according to a Reuters poll.

In March, exports and imports both fell year-on-year.

China's imports from the U.S. climbed by 9% in April from a year ago, while exports dropped by nearly 3%.

The U.S. remains China's largest trading partner on a single-country basis, while the Association of Southeast Asian Nations is China's largest trading partner on a regional basis.

China's exports to ASEAN rose by 8% in April from a year ago, while imports rose by 5%.

China's exports to the EU fell by about 3.5% while imports rose by nearly 2.5%

The data showed an increase in exports and imports to Vietnam, but did not break out such data for Mexico.

In April, China's imports and exports of integrated circuits rose from a year ago, the data showed.

By volume, China's exports of cars, LCD panel displays and home appliances rose, while exports of cellphones fell slightly. Exports of ships also dropped.

China's imports of crude oil and natural gas rose, as did that of steel, plastics, medicines and automatic data processing machines and parts. Imports of cosmetics dropped.

Lackluster domestic demand has weighed on imports, while exports have come under some pressure due to slowing global demand and tensions

Read more on cnbc.com