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China's exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade
CHINA ECONOMY
China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade
PUBLISHED THU, MAY 8 2025 11:16 PM EDT
UPDATED FRI, MAY 9 2025 2:38 AM EDT
Anniek Bao
@ANNIEKBYX
@IN/ANNIEK-BAO-460A48107/
KEY POINTS
• Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by China's customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.
• China's outbound shipments to the U.S. plunged over 21% in April year on year, while imports dropped nearly 14%, official data showed.
A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025.
Patrick T. Fallon | Afp | Getty Images
China's exports surged in April on the back of a jump in shipments to Southeast Asian countries, offsetting a sharp drop in outbound goods to the U.S. as prohibitive tariffs kicked in.
Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.
{snip}
China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade
PUBLISHED THU, MAY 8 2025 11:16 PM EDT
UPDATED FRI, MAY 9 2025 2:38 AM EDT
Anniek Bao
@ANNIEKBYX
@IN/ANNIEK-BAO-460A48107/
KEY POINTS
• Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by China's customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.
• China's outbound shipments to the U.S. plunged over 21% in April year on year, while imports dropped nearly 14%, official data showed.
A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025.
Patrick T. Fallon | Afp | Getty Images
China's exports surged in April on the back of a jump in shipments to Southeast Asian countries, offsetting a sharp drop in outbound goods to the U.S. as prohibitive tariffs kicked in.
Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.
{snip}
2 replies
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= new reply since forum marked as read
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