China's exports rises 4.1%, imports drop 5.7% in April

| Sunday, May 8, 2016 - 15:26
First Published |
China stock exchange

The export growth in April was milder than the 18.7% increase in March

Beijing: China's exports rose 4.1 percent year on year in April while imports dipped 5.7%, customs data showed on Sunday.

It led to a monthly trade surplus of 298 billion yuan ($45 billion), up from March's 194.6 billion yuan, according to figures from the General Administration of Customs, reports Xinhua news agency.

The export growth in April was milder than the 18.7% increase in March, while imports fell at a faster pace compared with the 1.7% fall in the previous month.

(Also Read: Grasim Industries net profit up 37% in March quarter)

Foreign trade edged down 0.3 percent year on year to 1.95 trillion yuan last month and that for the first four months combined slipped 4.4% to 7.17 trillion yuan.

In the January-April period, exports dropped 2.1% year on year while imports went down 7.5%, leading to a trade surplus of 1.11 trillion yuan, widening 16.5% from a year earlier.

The leading index for the country's exports rose 2.2 points to 33.8 in April, with sub-indices for new export orders and managers' confidence both up from March, signalling smaller pressure on export growth in the second quarter.

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