China Trade Surplus Rises More Than Expected


China trade surplus widened to USD 34.13 billion in April of 2015 from USD 18.43 billion reported a year earlier, as exports unexpectedly declined and imports fell further.

In April, exports dropped 6.4 percent year-on-year to USD 176.33 billion, compared to a 15.0 percent decrease in the previous month. Imports fell by 16.2 percent year-on-year to USD 142.2 billion as a result of declining commodity prices and following a 12.7 percent drop in March. In March, the country registered a USD 3.08 billion trade surplus.

Considering the first four months of 2015, exports rose a meager 1.6 percent, driven by rice (+59.5 percent), mineral fertilzer (+58.3 percent), unwrought aluminium (+30.6 percent), handheld wireless (+20.8 percent), steel (+7.4 percent) and plastic products (+2.5 percent). In contrast, sales declined for: coal & ignite (-53.7 percent), refined oils (-32.5 percent), precious metals (-67.6 percent), automatic data processing (-13.1 percent) and clothing & accessories (-4.2 percent). Shipments increased to India (+15.4 percent), the ASEAN countries (+12.9 percent), the US (9.0 percent), South Africa (18.4 percent) and Australia (+5.9 percent) but were down to Hong Kong (-10 percent), Japan (-12.2 percent), the EU countries (-1.0 percent), Russia (-35.6 percent) and Brazil (-4.4 percent).  

Imports shrank 17.3 percent as purchases from all of the country's trading partners declined. Those from the US decreased by 11.7 percent, India (-27.4 percent), Japan (-10.2 percent), Hong Kong (-26.9 percent), South Korea (-7.7 percent), the ASEAN countries (-18.4 percent), the EU countries (-11.4 percent), Russia (-30.1 percent), South Africa (-46.0 percent), Brazil (-33.5 percent) and Australia (-28.4 percent).

General Administration of Customs l Rida Husna l rida@tradingeconomics.com
5/8/2015 12:57:08 PM