China's negative export growth hit a six-month high in April-Shanghai Metals Market

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China's negative export growth hit a six-month high in April

Translation 11:35:20AM May 08, 2019 Source:Wall Street news
The content below was translated by Tencent automatically for reference.

SMM News: on Wednesday, May 8, China's General Administration of Customs released data showing that in US dollar terms, China's exports grew by-2.7% in April compared with the same period last year, lower than the expected 3.0%, down from the previous value of 14.2%. Imports grew 4.0% year-on-year, higher than expected-2.1%, up from-7.6% to a six-month high.

In dollar terms, China's imports and exports fell 1.1 per cent to $1.4 trillion in the first four months. Of this total, exports were US $744.61 billion, up 0.2 per cent; imports were US $655.21 billion, down 2.5 per cent; and the trade surplus was US $89.4 billion, an increase of 26 per cent.

In April, China's imports and exports totaled US $373.14 billion, an increase of 0.4 per cent. Of this total, exports totaled US $193.49 billion, down 2.7 per cent; imports totaled US $179.65 billion, up 4 per cent; and the trade surplus was US $13.84 billion, narrowing by 47.2 per cent.

In addition, in RMB terms, China's imports grew by 10.3% in April from a year earlier, higher than the expected 3.0%, rising from the previous value of-1.8% to a six-month high. Exports grew 3.1 per cent year-on-year, below expectations of 8.0 per cent, down from the previous value of 21.3 per cent.

In the first four months of this year, China's imports and exports of goods totaled 9.51 trillion yuan, an increase of 4.3 percent over the same period last year. Of this total, exports totaled 5.06 trillion yuan, up 5.7 percent; imports totaled 4.45 trillion yuan, up 2.9 percent; and the trade surplus was 618.17 billion yuan, an increase of 31.8 percent.

In April, China's imports and exports totaled 2.51 trillion yuan, an increase of 6.5 percent. Of this total, exports totaled 1.3 trillion yuan, up 3.1 percent; imports totaled 1.21 trillion yuan, up 14.3 percent; and the trade surplus was 93.57 billion yuan, narrowing by 43.8 percent.

After the data, the offshore renminbi fell 30 points to 6.7850 against the dollar, while the onshore renminbi fell slightly against the dollar at about 20:00. China's Treasury futures and the Australian dollar / US dollar fluctuated little after China's import and export data.

In terms of countries / regions, in US dollar terms, China's imports and exports to the United States fell from January to April compared with the same period last year, imports and exports to major markets such as the European Union, ASEAN, and Japan all increased, and the growth rate of imports and exports to countries along the "Belt and Road Initiative" route was higher than that of the whole.

In renminbi terms, exports to the US fell 4.8 per cent from January to April from a year earlier, imports from the US fell 26.8 per cent from a year earlier, and a trade surplus with the US was 570.19 billion yuan, according to the data.

In the first four months, the United States was China's third largest trading partner, with the total value of trade between China and the United States falling 11.2 percent to 1.1 trillion yuan, accounting for 11.5 percent of the total value of our foreign trade. Of this total, our exports to the United States were 833.04 billion yuan, down 4.8 percent; imports from the United States were 262.85 billion yuan, down 26.8 percent; and the trade surplus with the United States was 570.19 billion yuan, an increase of 10.5 percent. Japan is China's fourth largest trading partner. The total value of trade between China and Japan is 678.49 billion yuan, an increase of 2.1 percent, accounting for 7.1 percent of the total value of our foreign trade. Of this total, exports to Japan totaled 309.32 billion yuan, up 3 percent; imports from Japan totaled 369.17 billion yuan, up 1.3 percent; and the trade deficit with Japan was 59.85 billion yuan, narrowing by 6.7 percent.

China's negative export growth hit a six-month high in April

Translation 11:35:20AM May 08, 2019 Source:Wall Street news
The content below was translated by Tencent automatically for reference.

SMM News: on Wednesday, May 8, China's General Administration of Customs released data showing that in US dollar terms, China's exports grew by-2.7% in April compared with the same period last year, lower than the expected 3.0%, down from the previous value of 14.2%. Imports grew 4.0% year-on-year, higher than expected-2.1%, up from-7.6% to a six-month high.

In dollar terms, China's imports and exports fell 1.1 per cent to $1.4 trillion in the first four months. Of this total, exports were US $744.61 billion, up 0.2 per cent; imports were US $655.21 billion, down 2.5 per cent; and the trade surplus was US $89.4 billion, an increase of 26 per cent.

In April, China's imports and exports totaled US $373.14 billion, an increase of 0.4 per cent. Of this total, exports totaled US $193.49 billion, down 2.7 per cent; imports totaled US $179.65 billion, up 4 per cent; and the trade surplus was US $13.84 billion, narrowing by 47.2 per cent.

In addition, in RMB terms, China's imports grew by 10.3% in April from a year earlier, higher than the expected 3.0%, rising from the previous value of-1.8% to a six-month high. Exports grew 3.1 per cent year-on-year, below expectations of 8.0 per cent, down from the previous value of 21.3 per cent.

In the first four months of this year, China's imports and exports of goods totaled 9.51 trillion yuan, an increase of 4.3 percent over the same period last year. Of this total, exports totaled 5.06 trillion yuan, up 5.7 percent; imports totaled 4.45 trillion yuan, up 2.9 percent; and the trade surplus was 618.17 billion yuan, an increase of 31.8 percent.

In April, China's imports and exports totaled 2.51 trillion yuan, an increase of 6.5 percent. Of this total, exports totaled 1.3 trillion yuan, up 3.1 percent; imports totaled 1.21 trillion yuan, up 14.3 percent; and the trade surplus was 93.57 billion yuan, narrowing by 43.8 percent.

After the data, the offshore renminbi fell 30 points to 6.7850 against the dollar, while the onshore renminbi fell slightly against the dollar at about 20:00. China's Treasury futures and the Australian dollar / US dollar fluctuated little after China's import and export data.

In terms of countries / regions, in US dollar terms, China's imports and exports to the United States fell from January to April compared with the same period last year, imports and exports to major markets such as the European Union, ASEAN, and Japan all increased, and the growth rate of imports and exports to countries along the "Belt and Road Initiative" route was higher than that of the whole.

In renminbi terms, exports to the US fell 4.8 per cent from January to April from a year earlier, imports from the US fell 26.8 per cent from a year earlier, and a trade surplus with the US was 570.19 billion yuan, according to the data.

In the first four months, the United States was China's third largest trading partner, with the total value of trade between China and the United States falling 11.2 percent to 1.1 trillion yuan, accounting for 11.5 percent of the total value of our foreign trade. Of this total, our exports to the United States were 833.04 billion yuan, down 4.8 percent; imports from the United States were 262.85 billion yuan, down 26.8 percent; and the trade surplus with the United States was 570.19 billion yuan, an increase of 10.5 percent. Japan is China's fourth largest trading partner. The total value of trade between China and Japan is 678.49 billion yuan, an increase of 2.1 percent, accounting for 7.1 percent of the total value of our foreign trade. Of this total, exports to Japan totaled 309.32 billion yuan, up 3 percent; imports from Japan totaled 369.17 billion yuan, up 1.3 percent; and the trade deficit with Japan was 59.85 billion yuan, narrowing by 6.7 percent.