FX.co ★ China Trade Surplus Beats Estimates

In April 2025, China experienced a significant rise in its trade surplus, reaching USD 96.18 billion, compared to USD 72.04 billion in the same month the previous year. This outcome surpassed market predictions, which had anticipated a surplus of USD 89 billion. The notable increase was primarily attributed to an 8.1% year-on-year growth in exports, which far exceeded the anticipated 1.9% increase, although it marked a slowdown from the 12.4% rise observed in March. This deceleration was partly due to reduced shipments to the United States, affected by tariffs imposed under Trump's administration. Concurrently, imports defied expectations by growing 0.8%, a surprising turnaround from the anticipated 5.9% decline and recovering from a 4.3% decrease in March.