Business & Economy

Chinese international trade grows 26.6% year-on-year in April

Beijing, May 7 (EFE).- China’s trade with the rest of the world increased 26.6 percent year-on-year in April, according to data published Friday by the General Administration of Customs.

The volume of Chinese foreign trade reached 3.149 trillion yuan ($ 487.506 million.) Official statistics show year-on-year exports grew 22.2 percent in April, while imports increased 32.2 percent.

Exports reached 1.71 trillion yuan, while imports reached 1.43 trillion yuan in the same period. The trade surplus was 280,000 million yuan.

Trade increased 28.5 percent year-on-year in 2021, according to the administration and exchanges with the United States increased by 50.3 percent. The Americans remain China’s third-largest trading partners, behind the European Union and the Association of Southeast Asian Nations.

Chinese exports to the United States grew by 49.3 percent year-on-year in 2021, while imports increased by 53.3 percent, the administration said.

Trade with the EU increased by 32.1 percent year-on-year from January to April. Exports grew by 36.1 percent in this period, while imports grew by 26.4 percent.

In the first quarter of 2021, Chinese international trade had increased by 29.2 percent year-on-year to reach 8.47 trillion yuan, showing the reactivation of its economy and foreign demand.

However, the notable increase in Chinese foreign trade in the first months of this year is also partly due to last year’s low comparative base.

At the end of January and throughout February 2020, Chinese authorities paralyzed the country to contain the Covid-19 pandemic, whose first cases were diagnosed in the city of Wuhan and the return to activity only gradually began in March. EFE


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