China’s trade surplus surged to USD 51.12 billion in April 2022, up from USD 40.89 billion in the same month a year earlier, beating market forecasts of USD 50.65 billion. It was the largest trade surplus since January, as exports rose while imports were unchanged.
Export increased by 3.9 percent yoy; the first single-digit growth in 18 months, and the slowest increase in nearly two years; while imports were flat, amid ongoing COVID-19 curbs in some key cities. China’s trade surplus with the US increased by 14.7% yoy to USD 32.2 billion, up from USD 32.09 billion in March. Considering the first four months of the year, the goods account posted a surplus of USD 214 billion.
